US Bodman: OPEC Knows Econ Impact Of Higher Oil Prices

Energy Secretary Samuel Bodman expressed confidence on Friday that OPEC oil producers will continue to adequately supply global oil markets, adding that the group understands the potential negative impact of higher oil prices….

He said he personally hadn’t had specific assurances from members of the Organization of Petroleum Exporting Countries about meeting oil requirements in the event of a disruption of Iranian supplies. But he noted that Vice President Dick Cheney recently returned from an official visit to Kuwait and Saudi Arabia.
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