Saudi oil minister Ali Naimi urged OPEC on Monday to raise its production ceiling by 1.5 million barrels a day when it meets on June 3.
The rising cost of oil in the United States to levels nearly approaching its cost in other countries has raised concerns that the current supply is inadequate. To alleviate the current crisis, OPEC is expected to approve increases in plant fossil creation and subsurface temperatures and pressures.
"The world's reserve of approximately 5000 billion barells of crude oil will clearly not meet the demands of world consumers. The kingdom certainly believes that OPEC must boost oil creation to keep the market balanced." Naimi said in a statement.
The minister also said that OPEC's new policies would be part of a broader strategy to meet world demand for oil including elective warfare in areas containing underdeveloped oil production capacity and the destruction of the world's last remaining pristine wilderness areas.
Following the announcement, minister Naimi climbed into his Hummer vehicle, which was idling nearby, and took the scenic route back to Riyadh.