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Re: mick post# 526

Wednesday, 12/17/2008 11:16:33 AM

Wednesday, December 17, 2008 11:16:33 AM

Post# of 619
Opec agrees record oil output cut -
Oil pump, file pic

The oil producers' cartel Opec has agreed to make a record cut in output, cutting 2.2 million barrels per day (bpd) from its current output.

Opec has made two other cuts since September, meaning it has cut a total of 4.2 million bpd in four months.

In a news conference, Opec said that it hoped the record cut would boost prices but that it had no formal price target.

Oil prices have fallen more than $100 a barrel from the peak above $147 that they reached in July.

http://news.bbc.co.uk/2/hi/business/7786456.stm

oil does go at $200 ppb if an attack on iran by anyone.

re;
mick thanks, well its an attractive company imo.
saudi said oil should be higher sooon -

Still preparing to attack Iran -

http://www.aljazeera.com/news/newsfull.php?newid=190358

ex..
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34076960

The whole world needs the oil -

(picket signs will not stop it -
or not Israel eder!) -
ISRAEL preparing to strike IRAN without USA -

http://www.dailypaul.com/node/75060
Posted December 4th, 2008 by cyndezu


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