Opec president rules out any hike in oil production (Democrats still against Domestic Drilling)

Arab Times ^ | 6/21/2008 | staff

[tobyhill]

ALGIERS (Agencies): Opec president Chakib Khelil said on Friday it was illogical and irrational to ask the oil group to increase output so as to take the pressure off soaring prices, the Algerie Presse Service (APS) news agency reported. “To ask the oil producers to increase their output is illogical and irrational,” Khelil was quoted by APS as saying ahead of a meeting Sunday in Jeddah of oil producers and consumers to discuss record high prices. Khelil noted that he was invited to the Saudi Arabian summit in his position as Algerian energy minister and not as Opec president, and therefore he could not present any Opec position during the discussions. “Saudi Arabia decided to hold this meeting between oil producers and consumers, as well as oil companies, in order to determine the causes behind rising oil prices,” he said.

[Conservative Vermont Vet]

“To ask the oil producers to increase their output is illogical and irrational,”

Likewise Sheik-Prince-Mohamed-Bin-Mukety-Muck, Chakib Khelil, it is also "illogical and irrational" for the US to continue providing your sh*t-hole country with any further Foreign Aid and would love to see a CongressCritter with a pair to introduce just such legislation--along with adding the names of every other OPEC country

No tickee-No Washee!!!

(A little Politically Incorrect Oriental lingo there)

[Lazarus Starr]

In the long run that may be good I think. It could force congress to open up offshore and Alaska drilling. Not holding my breath mind you... But with Americans getting more and more upset we could see something like what happened with the Amnesty bill when Americans blow out the phone circuts.

[Red Steel]

Opec president Chakib Khelil said on Friday it was illogical and irrational to ask the oil group to increase output so as to take the pressure off soaring prices

OPEC doing it's best to get McCain elected.

[RightWhale]

Some kind of context might help make sense of this. There is no world shortage since the pipelines hold a considerable supply. They could fill the pipelines 100%, but there is so much cushion it wouldn’t matter for oil prices.