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ddabetsmallwinbig

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ddabetsmallwinbig

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Sunday, 01/25/2009 9:45:35 AM

Sunday, January 25, 2009 9:45:35 AM

Post# of 38473
The cartel will force oil to rise again.

"The drop in prices has already created problems for oil producers, who have become accustomed to high prices. Iran and Venezuela both need oil prices at $95 a barrel to balance their budgets, Russia needs $70 and Saudi Arabia needs $55 a barrel, according to Deutsche Bank estimates. The Algerian oil minister, Chakib Khelil, estimated Thursday that the "ideal" price for crude oil was between $70 and $90 a barrel."
International Herald Tribune. October 16, 2008.
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