U.S Energy Secretary Heading to Saudi Arabia
The U.S Energy Secretary Samuel Bodman is heading to Saudi Arabia where the country is holding an Oil Summit for solutions to the high oil prices.
The Secretary will stay only one day in Saudi Arabia, but Bodman expects Saudi Arabia to announce an increase in the oil supply.
Bodman said that the Saudis can surely increase capacity to produce more oil, but the US will need to know the quality of the oil as well as what prices and terms the Saudis will propose.
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