OPEC Blames Poor U.S. Economy For Oil Prices
( Published on Thursday, March 06, 2008 )
OPEC, rebuffing calls from U.S. President George W. Bush to increase oil output, cited "mismanagement" of the American economy as a major factor driving prices up
Full Version: OPEC Blames Poor US Economy for Oil Prices
Common Ground Common Sense > Issues that Affect Our Lives > Job Market, Fiscal, and Economic Policies
QUOTE(Snuffysmith @ Mar 9 2008, 07:30 AM) 
OPEC Blames Poor U.S. Economy For Oil Prices
( Published on Thursday, March 06, 2008 )
OPEC, rebuffing calls from U.S. President George W. Bush to increase oil output, cited "mismanagement" of the American economy as a major factor driving prices up
( Published on Thursday, March 06, 2008 )
OPEC, rebuffing calls from U.S. President George W. Bush to increase oil output, cited "mismanagement" of the American economy as a major factor driving prices up
This is PR BS. The price of oil has risen because supply has been RESTRICTED. The root cause of this restriction is FED policy. The FED needs to create demand for the 12 TRILLION US Dollars it has printed. Without this demand, the Euro would cost $2.00 to $2.50.
This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please click here.