posted
even the Saudi's are saying that the price of oil is ridiculaous and they are the ones that make the most money/profit on it...
In a statement following the weekly meeting of the Saudi Cabinet, Mr Madani said the current price of oil was unjustified and pledged action to prevent further "unwarranted and unnatural" price hikes.
But many oil producers, including the Organization of the Petroleum Exporting Countries and some of the world's largest fully publicly traded oil firms, say supply is enough and blame speculation for rising prices.
OPEC officials have lined up to say the exporter group does not need to pump more and Jeroen van der Veer, head of Royal Dutch Shell Plc, has blamed market "psychology," not shortages, for record prices.
i heard AGAIN today that OPEC says oil should be at $70/barrel now.. not 130...
-------------------- "Man is the only kinda varmint that sets his own trap, baits it, and steps in it." Posts: 26228 | From: USA | Registered: Sep 2003
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quote:Originally posted by Relentless.: precisely why it will never happen
don't count on any Presidential candidate besides a Ron Paul to say it tho...
it could happen politically, but only if there were some really bad "social unrest" like we had in '68.... and even that would have to be more widespread than it was in '68
-------------------- "Man is the only kinda varmint that sets his own trap, baits it, and steps in it." Posts: 26228 | From: USA | Registered: Sep 2003
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