Thursday, December 14, 2006
The Suffocating of the world (gas prices) by Arab Oil
The Suffocating of the world (gas prices) by Arab Oil
http://www.autospectator.com/modules/news/article.php?storyid=7116
This Week in Petroleum: Call(ing) on OPECMore at: http://www.autospectator.com/modules/news/article.php?storyid=7116December 13, 2006 -- As OPEC ministers gather in Nigeria on Thursday, December 14 to discuss whether they should cut production further, many people are voicing their opinions. Recently, both the U.S. Secretary of Energy and the Executive Director of the International Energy Agency (IEA) called on OPEC to refrain from further cuts in production quotas. While the price of oil certainly plays a large part in OPEC’s decision making, the expected “call on OPEC crude oil” is another important factor that the ministers will consider.
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