Gulf States to Spend $50B on Boosting Production

[Mr. H.]

No, not those Gulf States.

Unlike this nation of quitters...

The oil producing countries in the Gulf region, by the year-end, will have spent approximately $50 billion to increase their current oil field production capacities or to develop new discoveries, Bahrain's Minister of Oil and Gas Affairs Abdul Hussain bin Ali Mirza said on Tuesday.

Mirza, in his opening remarks at the three-day conference titled Energy Evolution Middle East, said main expansions to enhance the oil production capacity have taken place mainly in Saudi Arabia, the United Arab Emirates, Qatar Bahrain.

RIGZONE - Gulf States to Spend $50B on Boosting Production

 

[Old Rocks]

Glad to see you cheering for the Saudis, sure they are your idea of a just and admirable people.

Of course, we could just quit petroleum, and go to the abundant alternative and non-polluting energy that we can produce ourselves.