Iraq says 80 dollars a 'reasonable' price for oilIraqi Oil Minister Hussein al-Shahristani said on Friday that 80 dollars a barrel is a "reasonable" price for oil and that his country would support any OPEC decision to cut output."A reasonable price for oil is 80 dollars a barrel," said Shahristani on arrival in Cairo to attend a consultative meeting by the OPEC cartel to study slumping crude prices.
"We have to make sure that produced oil is used for consumption and not for storing.
"Iraq would support a decision by OPEC to cut output either here or in Algeria," the Iraqi minister added.
Organisation of Petroleum Exporting Countries ministers are to meet in Cairo on Saturday amid pressure for production cuts to stem heavy oil price losses, which continued to mount on Friday.
Most cartel members appeared to rule out an immediate reduction, preferring instead to wait until the next scheduled meeting in Oran, Algeria on December 17.
So, you see, Iraq, the nation where we, apparently, have been imperialist aggressors, is one of the few members of OPEC who are pushing for an immediate cut in our oil supply.
I guess exploiting the resources of another nation doesn't work quite the way it used to in the old days.
14 comments:
I support war for oil. We should take those fucker's oil as reimbursement for money and lives spent on their behalf.
We need it more than they do.
Allah will provide for them.
I love it when a plan comes together.
Maybe we ought to put the Islamic world on notice that for every terrorist attack on a Western nation, we will take one of their countries and all the oil in it.
put the Islamic world on notice that for every terrorist attack on a Western nation, we will take one of their countries and all the oil in it.
Invade their countries, kill their leaders and convert them all to Christianity. . .
Retroactive to the 1st WTC bombing.
And make a Farmer John's sausage factory where the Qaba currently is!
Peace!
I love the smell of sausage in the morning. It smells like VICTORY!
Everyone chill.
With oil at below $51 friday these guys are in the bargaining stage of terminal disease.
The lower the price goes the higher the internal pressure on some of these guys to break away secretly or not to max out their production to increase $$ coming in.
Let's see if economics can work the pressure harder than a JDAM. The tidal forces on this are in our favor, RIDE THE WAVE
Epa,
Whatever force made oil go up so high in the first place could well make it go up again.
What do you think caused it? A lot of it was a speculative bubble. But, why?
if the US were an imperialist nation - we would OWN -
Japan
Germany
Italy
Africa
France
Russia
Phillipines (sp)
and........
Yep.
Here's another piece of evidence we aren't imperialist. We never agitate against Canada or Mexico. Canada and Mexico both have tremendous amounts of oil. additionally, they both possess huge amounts of other natural resources, and neither one of them are good stewards of their economy, and by turn that of the rest of the world.
And yet, we do nothing but let their people come into our country, make money and send it home to enrich their dumbass economies.
Plus-didn't the Mexican government nationalize US funded oil refineries...?!!!
Wow. Did they really?
We're like the dude whose girlfriend cheats on him, and all we can think to say is, "But, I really love her."
Pathetic.
"didn't the Mexican government nationalize US funded oil refineries...?!!!"
I think that they were BP.
If I remember right, we get most of our imported oil from Canada.
Oil should be $10/barrel.
Wheat should be $50/bushel to muslim nations.
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