OPEC Unlikely to Raise Output

[AndyMarquisLIVE]

OPEC has virtually ruled out pumping more oil to ease record-high prices, key oil ministers signaled Tuesday on the eve of a cartel meeting.

Chakib Khelil, president of the Organization of Petroleum Exporting Countries, said the 13-nation group is shying away from boosting production because of the U.S. economic slowdown, political turmoil in the Middle East and expectations of slackening global demand for crude.

On Monday, oil surpassed the all-time record of $103.76 a barrel when adjusted for inflation. The previous record was $38, set in 1980 at the height of the U.S.-Iran hostage crisis.

ABC News: Record Oil Prices Won't Sway OPEC

 

[ImnoMensa]

They've got us right where they want us, why should they let up?

These idiots in Washington who keep turning down ANWR and off the coasts of Florida and California have left us at the tender mercies of these Ayrab and Venezuelan azzholes. If we want to be free of Middle Eastern oil sheiks we have to get our own,but first we have to replace a lot of Sheethead Congressional creeps.

 

[Pete]

They've got us right where they want us, why should they let up?

These idiots in Washington who keep turning down ANWR and off the coasts of Florida and California have left us at the tender mercies of these Ayrab and Venezuelan azzholes. If we want to be free of Middle Eastern oil sheiks we have to get our own,but first we have to replace a lot of Sheethead Congressional creeps.

Now now, it is not OPEC, it is not that production is stable, it is not their refusal to up production, it is not their expressed desire to keep the floor at $90 a barrel, it is Iraq.

 

[AndyMarquisLIVE]

Now now, it is not OPEC, it is not that production is stable, it is not their refusal to up production, it is not their expressed desire to keep the floor at $90 a barrel, it is Iraq.

Oh, Larry.

 

[aps45819]

They've got us right where they want us, why should they let up?

These idiots in Washington who keep turning down ANWR and off the coasts of Florida and California have left us at the tender mercies of these Ayrab and Venezuelan azzholes. If we want to be free of Middle Eastern oil sheiks we have to get our own,but first we have to replace a lot of Sheethead Congressional creeps.

Even if we drilled and pumped all the oil there, we still can't refine any more into gas. We need new refineries.