OPEC President Predicts Oil at $150 to $170 a Barrel

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OPEC President Predicts Oil at $150 to $170 a Barrel

Post by yunowu on Thu Jun 26, 2008 3:09 pm

By VOA News
26 June 2008

The price of oil has risen almost four dollars in early trading in New York, following a prediction by the head of the Organization of Petroleum Exporting Countries that oil prices could rise considerably this year.

OPEC President Chakib Khelil tells French television (France 24) the price of a barrel of oil could go as high as $150 to $170 a barrel in the next few months...

http://www.voanews.com/english/2008-06-26-voa18.cfm

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OPEC: Oil prices won’t come down

Post by yunowu on Thu Jun 26, 2008 9:11 pm

June 25, 2008 06:03 PM Wednesday

BRUSSELS - Oil prices “will not come down,” OPEC president Chakib
Khelil said Tuesday, assuring that the oil cartel has already done what
it can on the matter.

“OPEC
has already done what OPEC can do and prices will not come down,”
Khelil told journalists as he arrived for a meeting with EU energy
officials in Brussels...

http://www.journal.com.ph/index.php?issue=2008-06-25&sec=1&aid=64332

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Re: OPEC President Predicts Oil at $150 to $170 a Barrel

Post by Ausie Dinar on Fri Jun 27, 2008 1:00 am

Same announcement on Australian TV the Today show chanel Nine this morning

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End of the Petroleum Age?

Post by yunowu on Fri Jun 27, 2008 8:58 am

Michael Klare | June 26, 2008

At the hastily convened global oil summit in Jeddah, Saudi Arabia on June 28, top officials of producing and consuming nations from around the world attempted to find a combination of solutions that would somehow extricate us from the current crisis over sky-high energy prices. These proposals ranged from increased output by major producers like Saudi Arabia and Kuwait to restrictions on the activities of international oil speculators.
But all were based on the premise that the crisis can be resolved through the right mix of actions, thus restoring an environment of cheap and abundant oil – a premise that is fundamentally flawed. More and more, the evidence suggests that this is not just a temporary crisis. It is the beginning of the end of the Petroleum Age.......
http://www.fpif.org/fpiftxt/5326

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Summary of Peak oil theory

Post by yunowu on Fri Jun 27, 2008 9:02 am

http://www.theoildrum.com/files/Peak_Oil_June_08A.pdf

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Re: OPEC President Predicts Oil at $150 to $170 a Barrel

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