1. Saudi oil minister rules out output hike, says crude to reign for 50 years

   The Daily Star (Apr 10 2008) Explore Article

   Saudi Oil Minister Ali Naimi said on Thursday that there were not enough buyers of oil to justify an increase in oil production, despite high prices, and he added that fossil fuels should supply the bulk of global energy needs for at least the next 50 years. Naimi also slammed biofuels, saying they did not protect the environment or help supply security. (Read Full Article)
   

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