OPEC (the Arabs) are talking about producing less oil to make the price of petrol go back up..what do u think?

of that


The price fall has caused some OPEC members to call for a cut in production levels, and the cartel has agreed to hold an emergency meeting in Vienna on November 18 to discuss the impact of the global financial crisis on the oil market.





http://uk.news.yahoo.com/rtrs/20081010/t鈥?/a>OPEC (the Arabs) are talking about producing less oil to make the price of petrol go back up..what do u think?
they said this immediately the price dropped below the record level of around $149





it shows what greedy self serving b****ds these people are





they could not care less how hard it is for normal people to pay for their petrol ......all they care about is their mega profits





OPEC (the Arabs) are talking about producing less oil to make the price of petrol go back up..what do u think?
OPEC members produce 2 thirds of the worlds crude oil so as such can if they wish call the tune on the price of crude oil Now that the gulf of Mexico, Russia, Canada and the North Sea are producing more and more crude this has curbed the power of OPEC a little. However they do hold a huge amount of power in determining the prices
No doubt these same people are willing to loan 800 billion so we keep using their oil for the next 10 years or more, rather than switch to electric cars. Even the government makes more money through taxation if we keep using oil. We can't just blame these Arab countries either.





There are places that do electric automotive drive train conversions. The problem is that most people don't have the money and banks probably won't do loans for these conversions either.
OPEC is an oil cartel sanctioned by phony free-market governments! There is no free-market where price is reflective of economic realties--like ';true costs'; and legitimate buy-sell transactions with the oil producers. They say, you pay!
I think we should all stop buying it for just 1 day,see how they feel when the world says stuff your product.


50 million housholds in britian,price goes up 拢1 per household,Arabs get 拢50 million. They are greedy b@stards.
Yep - as always.
Bring on electric cars real quick!
So...this has been going on for nearly 40 years and you have just noticed...?