UAE Announces Cuts Of 100,000 Barrels/Day In Oil Production - AFP

[hatrack]

ABU DHABI (AFP) - The United Arab Emirates will start cutting its daily oil output by 100,000 barrels per day following an OPEC decision to slash overall production by 1.2 million barrels per day , the energy minister said.

"We are strongly committed to cut our output by 100,000 barrels per day, starting from today," Mohammad bin Dhaen al-Hamli told reporters on the sidelines of an oil conference Wednesday.

"In line with the recent (OPEC) decisions in Doha (to cut production), we are in complete adherence to these decisions," he said.

The UAE is ranked fourth within OPEC with an oil production quota of 2.444 million bpd, and has proven reserves of 97.8 billion barrels of oil -- the fifth largest in the world.

EDIT

http://news.yahoo.com/s/afp/20061101/wl_mideast_afp/uaeoilopec_061101102127

[acmavm]

1. Watch the oil supply get really dicey now. There's no impetus

for the criminal BFEE to keep prices down. Regardless of whether they win or lose, the elections over and they don't give a fuck.

[NV Whino]

2. Yep. n/t

[cspanlovr]

3. They made their money, and will continue to make more.

Bush and his cronies never cared about the republican party. They used them to meet their objectives. Mission accomplished.

[bullimiami]

4. more love from bfee "friends".

[hunter]

5. New post election Bush Administration policy: Take all the money and RUN!

The ranch in Paraguay is starting to look a lot better than the one in Crawford...