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View Full Version : OPEC Agrees to Cut Oil Production by 1.5 Million Barrels Per Day



cat714
10-24-2008, 05:30 AM
"VIENNA, Austria — Libyan oil minister says OPEC will cut output by 1.5 million barrels a day.

...Just as Americans are finally beginning to reap the benefits of plunging gasoline prices — including more money in their pockets — the 13-nation global oil cartel is getting ready to squeeze them once again by cutting production and driving up prices to refineries.

..."The era of cheap oil is finished," Iran's Oil Minister Gholamhossein Nozari boasted earlier this week.

When asked what price Iran would want for its oil, Nozari declared, "The more the better."

Iran's oil minister told Reuters he would push to cut production by up to 2.5 million barrels per day."


Full Story (http://www.foxnews.com/story/0,2933,443873,00.html)

What a bunch of buttholes.

Sonnabend
10-24-2008, 05:36 AM
Drill ANWR and drill NOW.

marinejcksn
10-24-2008, 06:25 AM
Freakin' sand fleas.....ungrateful a-holes. I'm with Sonna, break out the drill in ANWR now and if the polar bears wont move their asses drill through 'em. :cool:

YupItsMe
10-24-2008, 11:05 AM
The Middle East feels that their Presidential candidate has the election in the bag now , so they can screw with oil prices all they want. :mad: