Monday, April 24, 2006

imf meeting opec says producers not to blame for high oil prices
Qatar's oil minister blamed high oil prices on 'horrible' speculation and 'geopolitics' rather than any shortage of supplies.

'This frenzy is fabricated by speculators who are taking advantage of it in the most horrible way,' Abdullah bin Hamad al-Attiya told reporters.

'If you can stop the politicians from making negative statements, I am sure you will see almost 15 dollars disappear from the price.'[...]

- via Xymphora





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