Got Oil?

Democratic (and Independent) Senators have sent a letter to President Bush, urging him to convince OPEC members to increase oil production and that they will block arms deals with the area if no change is made.
Their position is that while the US continues to supply the militaries of oil producing countries, the same countries have reduced their oil production, thus reducing the world oil supply.
For example, currently, Saudi Arabia is producing an average of 8,722,000 barrels of crude oil a day – in 2005 the average was 9,550,000.
 
Saudi Arabia’s current “spare crude capacity” (that is, the amount that …read more