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"The oil price of $115 a barrel in today's global markets is a deceiving figure. Oil is a strategic commodity that needs to discover its real value," the Web site of Iran's state-run television quoted Ahmadinejad as saying.
"While the price of other commodities have increased, the economic value of the current oil price is even less than 1980," he said.
Ahmadinejad accused Western industrialized nations of "selfishness" in their quest for cheaper oil.
Originally posted by Karlhungis
reply to post by mybigunit
Of course they all want it to go up. Every dollar they can drive it up translates to millions if not billions in increased profits depending on the country / company. They want to continue driving it up until they find the point of resistance where it affects consumption.
Originally posted by infinite
Another attempt by Ahmadinejad to get the attention of the West. Starting to become childish as Kim Jong Il He is unpopular and the Iranian people are frustrated by Iranian isolation and banning of reformists in recent elections.
Ahmadinejad wants the US to attack because he believes it will make him popular and bring the Messiah to Earth (no joke)