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Old 10-27-2008, 02:24 PM   #6
AndyH
Avalon Senior Member
 
Join Date: Sep 2008
Location: Ireland
Posts: 289
Default Re: OPEC Oil price manipulation

Quote:
Originally Posted by raspberry_jam View Post
OPEC are due to meet this week in order to discuss reducing the current amount of oil produced and exported. This is a blatant attempt to increase the price of oil (and their profits) by reducing the amount availiable on the market.

BBC news has reported that OPEC are reluctant to allow the price of oil to fall below $70 a barrel.

This is likely to affect the price of fuel, food production, transport, and employment.

More Daylight Robbery.
Well of course! OPEC is a cartel, that's the whole idea
It's just one of a thousand things that people should be peeved about.
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