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Thread: OPEC Oil Manipulation

  1. 04-18-2011, 05:02 AM #1
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    Default OPEC Oil Manipulation

    ...just in time for our driving season.

    Saudis Slash Oil Output; Say Market Oversupplied - 18 April 2011
    "Saudi Arabia's oil minister said on Sunday the kingdom had slashed output by 800,000 barrels per day in March due to oversupply, sending the strongest signal yet that OPEC will not act to quell soaring prices..."
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  2. 04-18-2011, 05:05 AM #2
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    Default Re: OPEC Oil Manipulation

    Saudi Arabia did not make up for Libyan Oil - 13 April 2011
    "...so the world has abruptly lost something like 1.3mbd of oil production between mid February and March..."
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