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Speculation pushing up oil prices: Venezuela Minister

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mysticaltheologist

posted on Apr, 14 2008 @ 06:02 PM
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“There is a lot of crude oil available in the international market. The supplies are adequate and this (price rise) is a result of sheer speculation,” Mr. Rafael said.

Venezuela is the only Latin American nation that is part of the OPEC and currently sits on huge resources of oil and gas, almost equal to the world’s leading oil producer, Saudi Arabia.


www.hindu.com...


mysticaltheologist

posted on Apr, 14 2008 @ 06:02 PM
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Why not just look to Venezuela for more oil?

[edit on 14-4-2008 by mysticaltheologist]



 
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