Oil Price "Isn't High" - Says Iraq Oil Minister

DantesPeak

With friends like these, who needs enemies?

ColossalContrarian · Intermediate Crude Joined: Jun 20, 2006 Posts: 684

He might as well just come out and say “Blame Bernanke and the Banker Boyz for high oil prices!”

DantesPeak

peasea · Tar Sands Joined: Jul 26, 2007 Posts: 48

" "There is a balance between supply and demand in the market right now, but if there is a need, we will provide more oil," Shahristani said.
"

consistant ,at least, the market does alway balance but will we like $400.00 oil ? Wink

I just hope ( vanely) that our politicians get their noses out of the trough long enough to see this issue and do something ( apart from " evey man for himself! " , ofcourse......)

P.

DantesPeak

charliehelyes · Heavy Crude Joined: Mar 27, 2005 Posts: 105

Its only record prices not high at all

paimei01

When we will really run out of oil then we will see that these prices are very low. Oil is invaluable in some areas

Use bicycles, a global transition to local farming everywhere, use oil only where it's needed. Dreams Smile

bl00k

He's lying. In euro's the price of oil has doubled since february 2007, but i don't know if todays price is as high as the record in the bullshit oil-shortages of the 70s. Why that would even matter is beyond me.

"Yeah, back in the 4340's BC oil was like, 4 million dollars per barrel, inflation adjusted, so oil aint expensive, no way"
_________________
The man who moves a mountain begins by carrying away small stones.

TheDude

Iran says the Saudis won't even deliver that 300k anyway.
_________________
Cogito, ergo non satis bibivi
The Dude Is Not In: Leave A Message After The Beep.

Homesteader

"This Law Is a Bomb that May Kill Everyone" - Cheney Enrages Iraqis with Demands for New Laws

snips"

Few Americans are familiar with the proposed treaty. If they were, they might be shocked at its provisions, ashamed about its naked sadism. It:

* grants the U.S. long-term rights to maintain over 50 military bases in their California-sized country
* allows the U.S. to strike any other country from within Iraqi territory without the permission of the Iraqi government
* allows the U.S. to conduct military activities in Iraq without consulting with the local government
* allows U.S. forces to arrest any Iraqi without consulting with Iraqi authorities
* extends to U.S. troops and contracters immunity from Iraqi law
* gives U.S. forces control of Iraqi airspace below 29,000ft.
* places the Iraqi Defense, Interior and National Security ministries under American supervision for ten years
* gives the U.S. responsibility for Iraqi armament contracts for ten years

Link: http://www.smirkingchimp.com/thread/15115

Mods, if this could have been placed in a more appropriate thread feel free!

cube · Fusion Joined: Mar 12, 2005 Posts: 3775

Starvid