"The era of cheap oil is finished," Iran's Oil Minister Gholamhossein Nozari boasted on Tuesday.Drill here, drill now. Fuck these greedy America-hatin', nuke-buildin' bastards.
When asked what price Iran would want for its oil, Nozari declared, "The more the better."
"A few member nations have voiced their intentions of pushing for a cut in production, including Qatar, Iran, as well as OPEC's president Chekib Khelil, who said that output could be slashed by as much as 2 million barrels a day," analysts for Raymond James & Associates told MarketWatch.com.
Tuesday, October 21, 2008
OPEC cries poverty
OPEC member states have watched the market price for oil drop like panties from a 2-dollar whore, and they're not happy.