Comments on: Crude Oil Price Chart 1998 - 2009: Facing the inevitable - oil prices are bound to rise

By: businesses

businesses — Thu, 28 May 2009 19:14:20 +0000

Oh Pat, you

By: OPEC’s lack of discipline | WHAT MATTERS WEBLOG

OPEC’s lack of discipline | WHAT MATTERS WEBLOG — Thu, 21 May 2009 20:18:07 +0000

[...] Algeria demands that the cartel enforces stricter discipline first. In fact, the global oil production would go down by approximately 700,000 barrels a day if all members sticked to their quotas. But few expect that to happen. Many OPEC countries have inflated their budgets in times of sky-rocketing oil prices. The bulk of the petro dollars were used to finance an arrogant foreing policy and generous domestic welfare programs and subsidized gasoline prices. Now they’re facing budget deficits. To compensate for the lower market value of crude oil, several members are producing above their target levels - leaving markets oversupplied in times of falling demand which puts pressure on oil prices on the expense of OPEC members which stick to their quotas. more information on current trends in the oil sector: Crude Oil Price Chart 1998 - 2009: Facing the inevitable - oil prices are bound to rise [...]

By: Obama ends the dominance of gas guzzlers on U.S. streets | WHAT MATTERS WEBLOG

Wed, 20 May 2009 19:47:26 +0000

[...] Crude Oil Price Chart 1998 - 2009: Facing the inevitable - oil prices are bound to rise [...]

By: why oil prices are bound to rise « What Matters

why oil prices are bound to rise « What Matters — Sat, 16 May 2009 21:47:45 +0000

[...] oil prices are bound to rise Jump to Comments ->>> read the full article ”Crude Oil Price Chart 1998 – 2009: Facing the inevitable – oil prices are bound to rise” on my new blog or download the oil price [...]