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OPEC regulating oil output for "sick economy"

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posted on Mar, 15 2009 @ 02:41 PM
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OPEC regulating oil output for "sick economy"


news.yahoo.com

VIENNA (Reuters) – OPEC ministers agreed on Sunday to leave existing output targets unchanged, but promised to enforce those curbs more strictly and said they would meet again at the end of May to review progress.

The decision to resist additional cuts for now reflected concern for the economy and a belief supply curbs so far have begun to remove the excess from oil markets, the Organization of the Petroleum Exporting Countries said in a communique after its nearly five-hour conference.
(visit the link for the full news article)




posted on Mar, 15 2009 @ 02:41 PM
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Don't know if this has been posted yet ...

your thoughts?

it shows they control the prices. could they have designed the oil price rise of 2007-2008?





hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm

what do you think?













is this connected to the NWO?

news.yahoo.com
(visit the link for the full news article)



posted on Mar, 15 2009 @ 03:04 PM
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OPEC is a joke, a bad joke. We have ships full of oil, waiting off shore for the chance to onload and sell. Many are just being used to store the oil. When an OPEC producer comes out and says they are going to cut production, you can depend on it, just like an attorneys word. It is a bald faced lie. When oil skyrocketed, they all went merrily spending and creating ongoing expenses. Then the bubble burst and left them with huge expenses, and no way to pay their bills. So they crank out as much oil as they can, and try to deceive the other producers into thinking THEY are cutting. Everyone wants everyone else to cut, but not them. We have plenty of domestic oil but the communists in power won't permit their slaves to get it. People say BO is from Kenya, it is not true. He is from hell. Oil will not go back up until people start having some money to buy oil products. It is that simple. Or, of course, unless they can repeat their previous fraud, and artificially cause another severe shortage. The basis of the idea of peak oil is that oil takes zillions of years to form. Bald faced lie. The world is running out. Mid-east; true. Here? Bald faced lie.



posted on Mar, 15 2009 @ 03:08 PM
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OPEC is only doing this to hurt countries who supply us with this oil such as Saudi Arabia, Iran and Iraq. If they dont' raise prices those countries loose money, if there is too much oil then they need to cut production and cut profits further.

This is just a scheme to make other countries work with the US or whoever else they want in order to further the agenda.

When those countries resume cooperation, then you'll see a rise in the price.

~Keeper



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