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World Oil, Good Economic News Timeline Saturday, December 13     Author
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  Bush calls for offshore drilling
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Saudi Arabia to increase oil output
  Bush lifts ban on offshore oil drilling
Jul.14   Washington
  President Bush lifted an executive order banning offshore oil drilling and urged Congress to follow suit
Jun.22   Saudi Arabia
  King Abdullah: Saudi Arabia will increase its daily production from 9 million barrels to 9.7 million in the near future to counter the sharp rise in prices
Jun.18   Washington
  President George W Bush has called on Congress to end a 27-year ban on drilling for oil in coastal waters, to reduce dependence on imports

year 2007 Top ^

Nov.8   Brazil Oil discovery rocks Brazil
  A huge offshore discovery could raise Brazil's petroleum reserves by 40% and boost the country into the ranks of the world's major exporters

year 2005 Top ^

Aug.1   Saudi Arabia Saudis pledge to keep pumping oil  Saudi Arabia will continue to pump oil 'to the best of our capability, with a reasonable price' under King Abdullah May.25   Azerbaijan   Giant Caspian oil pipeline opens
  Oil is set to flow from Azerbaijan direct to the Mediterranean for the first time after a $3.6bn pipeline opened


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