Is Saudi Arabia being honest with the world when it says that there is no oil production shortage?
World Population increases by 2.5 Billion over 33 years and OPEC oil production stays the same.
See a problem here? Is there any reason world fuel prices are at record levels worldwide?
1973 Total OPEC Oil production 30.63 Mbbls per day
2006 Total OPEC Oil Production 30.66 Mbbls per day
Table 11.5 World Crude Oil Production, 1960-2006 (Million Barrels per Day), http://www.eia.doe.gov/aer/txt/ptb1105.html
1973 Total World Population 4.108 Billion (May 22, 1973)
2006 Total World Population 6.618 Billion (May 22, 2008)
World POPClock, U. S. Bureau of Census, http://www.census.gov/ipc/www/popclockworld.html