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OPEC president sees high crude through summer
| May 11, 2004
| Emily Church
Posted on 05/11/2004 1:27:51 AM PDT by sarcasm
LONDON (CBS.MW) -- OPEC President Purnomo Yusgiantoro, the Indonesian energy minister, expects high crude prices could last through the summer, due to tight U.S. gasoline stocks. "I don't like these kinds of prices. These kinds of prices will really hurt everybody," he said in an interview with the Financial Times. "But this price level is not because OPEC is playing. There is not much OPEC can do."
(Excerpt) Read more at cbs.marketwatch.com ...
TOPICS: News/Current Events
KEYWORDS: energyprices; oil; opec
posted on 05/11/2004 1:27:52 AM PDT
There is not much OPEC can do.
Does this have an odor to it or does this have an odor to it?
posted on 05/11/2004 1:34:32 AM PDT
by Ah Beng
("Back bone... not back down")
Wonder why the govt. doesn't step in and build some more refineries and lease them or something?
To: The Bandit
I believe President Bush tried to address this very issue about building more oil refineries before 9-11 happened, but the enviromentalists and the rats went on an absolute tirade about President Bush and Big Oil....President Bush was trying very hard to relieve the harsh environmental regulations that prevent oil refineries from being built and reconstructing out-dated refineries. This problem is definitely not George Bush's fault...it's the rats and the environ-morons.
posted on 05/11/2004 6:02:24 AM PDT
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