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Opec dashes oil supply rise hopes

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Opec dashes oil supply rise hopes
Topic: Business 1:38 pm EST, Mar  4, 2008

It had been hoped members would boost the supply of oil to help prices fall from their historically-high levels.

The price of a barrel of oil reached another record of almost $104 during trading on Monday in New York.

Oil ministers from Opec member nations are gathering in Vienna ahead of their meeting which starts on Wednesday.

"I don't think Opec would consider increasing production because then we would be increasing to meet a demand that doesn't exist," Opec President Chakib Khelil said

Damit... These people with their S.E.G's are going to kill us at the pump...
"I don't think Opec would consider increasing production because then we would be increasing to meet a demand that doesn't exist," my ass.

They are going to milk the USA for every dime, every time.... period.

*EOR (end of rant) *

Opec dashes oil supply rise hopes



 
 
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