Anyone shocked? Everyone knew what OPEC was going to do before the meeting. No news here, except that the Dems will be up in arms again.
Apparently the President of OPEC
“We are going to stay with the level of production where we are now,” OPEC President and Algerian Energy Minister Chakib Khelil told reporters.
http://www.freerepublic.com/focus/f-news/2078424/posts
Tuesday, September 09, 2008
And also:
“We have worked very hard since June’s meeting to bring prices to where they are now. I think everything is in balance,” said Saudi Arabia’s Oil Minister Ali al-Nuaimi ahead of an OPEC policy meeting here later in the day.