Posted on 12/02/2008 1:28:55 PM PST by thackney
Algerian Oil Minister Chakib Khelil, the current president of the Organization of Petroleum Exporting Countries, on Tuesday urged Russia, Norway and Mexico to join or cut their crude production to show solidarity with the group.
"What we really want is for these countries to become members of OPEC," Khelil said on the sidelines of a conference of the OPEC in Algiers, according to APS news agency.
"I don't see why Russia can't be a full-fledged member of the organization. It's the best way to express solidarity," he said.
If the three countries refuse to join OPEC, they should reduce oil production, Khelil said.
"We don't need an agreement to stand by countries that share the same goal. If they have problems (joining OPEC), they should just apply their intended reductions," he said.
(Excerpt) Read more at rigzone.com ...
it would be the lowest prices for gas in years...below a dollar in several places if we got there and would put the lie to all of those pundits earlier this year on the news programs who said we would never see it below $3 a gallon in our life times again.
Demand dropped, and we here in the US started talking, and then through presidential orders by Bush, acting, like we meant to go for our own oil and get independent.
Once Obama takes office, I expect to see them begin rising again as he puts an end to all of those initiatives.
If OPEC raises the prices now it will destroy all of the economies of all of their customers. are they THAT stupid?
Drill here, drill now, some more strategic petroleum reserve capacity!
Yes, they are that stupid. The reason the story of the Golden Goose is so compelling is that it is a true part of human nature. Heck, look at us Americans!
any hostility from iran or israel to iran were going to see oil fly up. i follow the oil market very carefully. these opec countries are hurting worse than we are.
They want to raise the price of oil by cutting back supply. And the Greens here in the US are helping them by preventing us from getting our own. :(:(:(:(:(
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