The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© Copyright 2008/9 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.Oil producers urged to boost output as prices soar
AOMORI©2024 GPlusMedia Inc.
7 Comments
Login to comment
some14some
OPEC says NO
Very true.
This is where the problem lies. Now, it is upto G-8 to address this point or wait for the Hedge Funds to come to the rescue of FED, IMF, WB or ADB.
Crucifier99
I envy consumers in countries with subsidies on the contrary here in Japan the Gov't just recently reinstated the gasoline tax and with regular gasoline cost 178 yen/litre there is no outcry from the general public for the gov't to temporary abolish the gas tax, well,the usual shoganai attitude.
borscht
Two words Washington: Hedge funds.
Since it seems the hedge funds are betting on oil and driving the price up, perhaps Bush & Co would like to look in their own pockets for a solution. (Not implying the Commander-in-Chief would try to make money for his friends while in the midst of a war, of course.)
buggerlugs
of course there is something they can do quickly, Cut the prices!! The regular "joes" will then have a bit more to spend on other things, while the rich become a little less rich... But I think this way would be just too easy for them in power to understand also their greed will stop them even if they could understand it...
KenjiYamamoto
may be the reason why hussein attacked kuwait was because his oil supplies were running low...
perhaps the us discovered to their dismay and shock and unbeknownst to the world at large was that there was little oil left in iraq rather than vice versa...
KenjiYamamoto
speaking of shock and awe from above...