OPEC Oil price manipulation

raspberry_jam · 10-24-2008, 05:05 AM

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.

10-24-2008, 05:05 AM	#1
raspberry_jam Avalon Senior Member Join Date: Oct 2008 Location: UNITED KINGDOM Posts: 2	OPEC Oil price manipulation 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.