Saudis pledge to boost oil supply amid OPEC pressure
U S Energy Secretary said Saudi Arabia promised to add up to 2 million barrels per day if needed, lifting output to 9.1 million and then meeting up to 10.5 million. The pledge highlights OPEC rift as markets face Iraq instability and rising demand from China and the United States. Prices above 40 dollars persist. it will take weeks for crude to reach U S ports.
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Amsterdam
Netherlands
U.S. Energy Secretary
Saudi Arabia
Washington
Organization of Petroleum Exporting Countries
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OPEC
Iraq
Gulf
Spencer Abraham
Abraham
Ali Naimi
U.S
China
Summer Gas Prices Likely to Rise Higher
Los Angeles based industry analyst Trilby Lundberg of the Lundberg Survey says gasoline prices rose over 14 cents in two weeks. The national average for all grades stood at 2.10 dollars per gallon on Friday, driven by demand and seasonal environmental regulations. she notes no peak yet as the upcoming summer season approaches.
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Los Angeles
Trilby Lundberg
Lundberg
United States
Bush seeks to reassure voters on Iraq and democracy plan
President Bush travels to the Army War College in Carlisle as political discord over the Iraq war rises. He aims to reassure Americans that hundreds did not die in vain and outline a blueprint for a democratic nation with a timeline extending to early next year when elections are held, focusing on an interim Iraqi government.
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Iraq
Bush
Army War College
Carlisle
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Ivo Daalder
Brookings Institution
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Lakhdar Brahimi
Bush to address Iraq policy live on major networks
President Bush plans a live 8 to 9 p.m. address on U S policy in Iraq carried by CNN Fox News Channel and MSNBC with networks undecided about live airings. He will outline a clear strategy across political security humanitarian and infrastructure fronts and review drafts during weekend travel to Texas and Connecticut.
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Bush
U.S
Iraq
CNN
Fox News Channel
MSNBC
Texas
Connecticut
White House
Graduates urged to face future with care and confidence
Williamsburg High School valedictorian Zach Proctor urged classmates to believe in themselves as they graduate. Pomona High School echoed the theme of choices with 48 graduates, led by Principal Royce Powelson who cited Martin Luther King Jr. and Bill Gates. Governor’s scholar Michael Yates spoke on having choices, while Jared Beasley closed with a rhymed reflection on high school memories.
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Williamsburg
Zach Proctor
Proctor
Pomona High School
Brian Olsen
Pomona
Royce Powelson
Martin Luther
King Jr
Powelson
Bill Gates
Michael Yates
Jared Beasley
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