Monday, March 07, 2005

Could you elaborate on that a little?

A Saudi foreign adviser to Prince Abdullah said today that oil prices are "unrealistically high." Well, duh. Anybody who has been watching the oil market could tell you that.

Which is why this makes no sense to me. The story (originally from Reuters) is but a few 'graphs long and doesn't add much beyond the man's quote. There are a couple of "clarifying" comments though while they might "clarify" they really don't illuminate.

No word on when OPEC will adjust it's prices to reflect a more "realistic" price-point. I wouldn't suggest holding your breath at this point...

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