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Economic jitters hit OPEC oil cartel at talks
Breitbart ^ | Sep 9 09:51 PM US/Eastern | AFP

Posted on 09/10/2009 3:09:54 PM PDT by Ernest_at_the_Beach

Top oil-producing countries expressed "grave concern" that a recovery from the economic downturn crippling energy demand will be slow and uncertain, as they held their output steady on Thursday.

"Since the market remains oversupplied and given the downside risks associated with the extremely fragile recovery, the conference once again agreed to leave current production levels unchanged for the time being," said the closing statement by OPEC.

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Extended News; News/Current Events
KEYWORDS: energy

1 posted on 09/10/2009 3:09:55 PM PDT by Ernest_at_the_Beach
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To: Ernest_at_the_Beach
We will see $20 a barrel oil once this stimulus silliness ends...
2 posted on 09/10/2009 3:13:16 PM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: 2banana

Or we get our drill, baby, drill and her hottie husband in the WH ;0


3 posted on 09/10/2009 3:14:30 PM PDT by wombtotomb (Equal opportunity does NOT mean equal outcome!!)
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To: Ernest_at_the_Beach
Uh, you silly twits, your high prices aren't helping. Between you OPECers and the ecoweenies, productivity stands little chance. Share the wealth......haven't I heard that somewhere?
4 posted on 09/10/2009 3:15:15 PM PDT by stboz
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To: Ernest_at_the_Beach

Yeah 70+ a barrel and the sheiks are pissing and moaning.

It should be about 20 in this environment.


5 posted on 09/10/2009 3:19:05 PM PDT by headstamp 2
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