Cheney convinces Saudis to lower oil prices

If this is correct, our recession fears may be over. DEBKA is reporting that Vice President Dick Cheney has convinced the Saudis to increase production enough to lower the price of a barrel of oil to $85-90. Oil has recently been trading in the $110 per barrel range. The Saudi Supreme Oil Council’s statement emphasized OPEC’s role in “stabilizing the world energy market and realizing global