Doc Mercer
EOG Master
Source: NYOne
At the Hess on 44th Street and Tenth Avenue in Manhattan on Sunday, the gas price stood at $3.81 per gallon for regular, which had Senator Charles Schumer speaking up.
"We all know how the price of gasoline is through the roof," said New York's senior senator. "We all know how it's burning a hole in everyone's wallets and pocket books. And we all know how it's crimping our economy."
He and four other senators are calling on the Bush administration to use its leverage with members of OPEC to force them to increase oil supplies.
"There is one way to get the prices of oil down and it's two words -- Saudi Arabia," said Schumer.
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Schumer proposes holding up multi-billion dollar arms deals with the Saudis unless they put more oil into circulation. He says the Saudi Arabia has been cutting back production the past few years, leading to a drop in supply, increased prices, and more money in the Saudis pockets.
Read more: http://www.ny1.com/ny1/content/index.jsp?stid=3&aid=812...
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At the Hess on 44th Street and Tenth Avenue in Manhattan on Sunday, the gas price stood at $3.81 per gallon for regular, which had Senator Charles Schumer speaking up.
"We all know how the price of gasoline is through the roof," said New York's senior senator. "We all know how it's burning a hole in everyone's wallets and pocket books. And we all know how it's crimping our economy."
He and four other senators are calling on the Bush administration to use its leverage with members of OPEC to force them to increase oil supplies.
"There is one way to get the prices of oil down and it's two words -- Saudi Arabia," said Schumer.
<!-- google_ad_section_end --> <table class="post-message" border="0" cellpadding="0" cellspacing="10" width="100%"> <tbody><tr valign="top"> <td width="1%">
</td> <td width="99%">
</td></tr></tbody></table>
Schumer proposes holding up multi-billion dollar arms deals with the Saudis unless they put more oil into circulation. He says the Saudi Arabia has been cutting back production the past few years, leading to a drop in supply, increased prices, and more money in the Saudis pockets.
Read more: http://www.ny1.com/ny1/content/index.jsp?stid=3&aid=812...
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