OPEC to Raise Output if Oil Hits $100: President

Back in the summer the OPEC were asking the manipulators of oil futures to keep rasing the futures so oil will be 100 dollars a barrel by the end of the year, as their goal.

80 dollars was the goal for the summer and now they go it thanks to manipulations now they want to play the magnanimous to show the world that they care, what a whole bunch of crap.

OPEC ministers will raise output to protect the global economic recovery at a meeting in December if oil prices rise to $100 per barrel, the group's president said on Sunday.

Jose Botelho de Vasconcelos, who is also Angola's oil minister, said that both producers and consumers were comfortable with oil prices at between $75 and $80 per barrel and that higher prices could put a brake on the global economy.

The economy is only recovering for those that control the wealth in wall street no for the main street America, so we are the ones to feel the pinch of greed as usual.

www.cnbc.com...



[edit on 26-10-2009 by marg6043]

reply to post by marg6043


The sooner we get our collective asses out of the oil age and into something electric, the better off we'll all be. Until we do, our economies and basic national welfare is entirely dependent upon a group of nations (OPEC) that have nothing but contempt for their customers.

reply to post by redoubt


Yes, you are right, but the Cap and trade or like I call it, Crap and trade is nothing but another hoax to gouge the tax payer into paying for the profits of those that under the green initiatives will be reaping profits.