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Oil Rises as OPEC Ministers Say They've Lost Control of Prices

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Arger68 Donating Member (562 posts) Send PM | Profile | Ignore Fri Nov-16-07 10:13 AM
Original message
Oil Rises as OPEC Ministers Say They've Lost Control of Prices
Ruh roh - looks like even OPEC is admitting they're tapped out.

http://www.bloomberg.com/apps/news?pid=20602099&sid=aEuSwzj4J.qg&refer=energy
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Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-16-07 11:15 AM
Response to Original message
1. but they will actually say something like this...
"Oil is, shall we say, reached a point where a reversing of a negative trend is, not at this time, in the part of our business model projects. Our output, to which me must reach and to keep rising to meet the demand level in order to insure that the world is using more and more oil, with therefore be at a point where it is muted."

now that's nice and clear, right?
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GliderGuider Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-16-07 11:27 AM
Response to Reply #1
2. Riyadh just called. They have a PR job waiting for you...
:eyes:
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Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-16-07 12:43 PM
Response to Reply #2
3. LOL :) nt
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