[lbo-talk] Nawaf Obaid on Saudi Spare Capacity

[Yoshie Furuhashi]

Nawaf Obaid says, "[b]y June 2007, Saudi Arabia is expected to have
enough spare capacity to offset all Iranian exports" and "[b]y 2009 /
2010 the goal is to satisfy global demand during a potential
disruption from Iran and one of the three other major OPEC exporters
(Venezuela, Nigeria or Iraq)" ("Saudi Arabia's Strategic Energy
Initiative: Safeguarding Against Supply Disruptions," Center for
Strategic and International Studies, 9 November 2006,
<http://www.csis.org/media/csis/events/061109_omsg_presentation1.pdf>).

 That's worse news to me than anything else on the oil front.  :-|
-- 
Yoshie
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