No.. didn't hear about the oil Bank..I will follow up. Thanks and Regards ======= S1000+ =======
--- On Fri, 10/17/08, [EMAIL PROTECTED] <[EMAIL PROTECTED]> wrote: From: [EMAIL PROTECTED] <[EMAIL PROTECTED]> Subject: Re: Brown showers his nation with lies against OPEC To: "World-thread" <[email protected]> Date: Friday, October 17, 2008, 5:18 PM I applaud OPEC if they produce as much oil as the world demands, no aditional barrel. If they produce some barrels below such level I would applaud harder, as it would help to develop renewable energy. Did you read something about the oil bank? Venezuela, Russia and Iran agreed. It sounds to me as a sovereign wealth fund rather than a bank, but not sure. Thank you for the article. (((((Sumerian))))) Peace and best wishes. Xi On Oct 17, 10:51 pm, "Sumerian.." <[EMAIL PROTECTED]> wrote: > Most if not all of Middle East OPEC countries are pro American, that is how and why when Brown states such an insult against OPEC, he knows that no one will respond. > > There is enough oil and even more than the world demand in the market which was pumped based on west pressure on OPEC. Oil prices are set on daily bases in London. London increased oil prices to US150/bbl only to donate the poor moneys to the western Oil Companies. There is a lot of intentional baffling to the public by these below irresponsible statements. And I say why not the nation of England condemn Brown for his criminal solution of helping ailing thief banks by the money of the people. > > S1000+ > > Brown condemns OPEC move to cut supply > > (RTTNews) - British Prime Minister Gordon Brown said it was "absolutely > scandalous" that the Organization of Petroleum Exporting Countries > (OPEC) is planning a meeting to consider cutting oil production in a > move to drive prices higher. > > Accusing the oil cartel of manipulating prices, he said his government would "certainly try and prevent this happening." > > It > is feared that a ministerial-level meeting of OPEC members will vote to > reduce supplies to reverse the trend that has seen a sharp fall in oil > prices lately. Worries about weakness in the global economy, spurred by > the recent financial crisis, have pushed oil prices to around $70 per > barrel, well off the all-time high of more than $140 set earlier this > year. > > Oil prices rebounded Friday above $71 a barrel on > speculation that next week's emergency meeting of the crude producers' > cartel may decide to reduce output. > The OPEC meeting, > originally scheduled for next month, was advanced to October 24 to > discuss the global financial crisis and its impact on the oil market. > > Speaking > to business leaders in Nottingham Friday, Brown attributed the price > rise to forecasts that said demand would exceed the supply in long-term. > > "People thought, looking ahead, that there was no way other than the price going up," he said. > > He called upon oil firms to pass on the benefit of price falls to the consumers. > He > urged oil giants such as Esso and Total to reduce the price of unleaded > petrol to less than a pound for a liter, as done by supermarkets. > > Wednesday, > Britain's supermarket networks Asda and Morrisons slashed the price of > unleaded petrol to 99.9 pence a liter, the first time since last > December that petrol has been under £1 - the equivalent of about > $1.73- in the country. > > Brown said he wants to reduce > Britain's dependence on oil. "We don't want to be dependent on unstable > regimes or regimes that want to dictate the terms of the oil they are > providing for reasons other than commercial." > > The > retail price rates of petroleum products remain the same in most of the > countries even after the global trade prices of crude more than halved > from a peak of around $147 per barrel, marked in July. > > The almost daily-diminishing prices slashed the cartel's revenues considerably. > OPEC > members such as Iran and Ecuador, which are heavily dependent on oil > revenues, want production to be cut to minimize the prospect of prices > falling any further. > If what Qatar's energy minister > Abdullah bin Hamad Al Attiyah said Friday is an indicator, OPEC will > cut oil output by at least one million barrels a day, which, in turn, > is expected to reflect in an upward trend in prices. > For comments and feedback: contact [EMAIL PROTECTED]://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20081017\ACQRTT200810171409RTTRADERUSEQUITY_0875.htm&&mypage=newsheadlines&title=Brown%20condemns%20OPEC%20move%20to%20cut%20supply > ======= > S1000+ > ======= > > __________________________________________________ > Do You Yahoo!? > Tired of spam? 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