Posted AT 9:08 PM EST on 13/06/08
The cost of the next barrel
OTTAWA — If Saudi Aramco's $7-billion (U.S.) Khursaniyah oil project had come on stream at the end of 2007 as scheduled, the world economy might not be staggering under $135 crude prices.
The planned 500,000 barrels a day of Khursaniyah production would have been like a cool drink of water for an oil market thirsting for additional supply.
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