Tag Archives: OPEC

OPEC: No End to Oil Price Increases

Monday, July 7, 2008 Will $7.50 a gallon be our new reality? OPEC president Chakib Khelil warned Sunday that oil prices will continue to rise because of the falling dollar, in an interview in the Algeria-News.”The price of oil will … Continue reading

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Saudi King To America: “Get Used to High Gas Prices”

Tuesday, July 1, 2008 Don’t you just love being lectured by the Saudis? Case in point, King Abdullah of Saudi Arabia, whose nation is the world’s number one oil exporter, called on consumer countries [the USA] to get used to … Continue reading

Posted in News, Oil | Tagged , , | 31 Comments

OPEC: Weak Dollar Will Drive Oil to $170 a Barrel

Monday, June 30, 2008 Hello $5.00 a gallon gasoline? OPEC President Chakib Khelil predicted that the price of oil will climb to $170 a barrel before the end of the year, citing the dollar’s decline and political conflicts. “Oil prices … Continue reading

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OPEC to America: Screw You

Tuesday, June 24, 2008 Oil prices “will not come down,” OPEC president Chakib Khelil said Tuesday, assuring that the oil cartel has already done what it can on the matter.”OPEC has already done what OPEC can do and prices will … Continue reading

Posted in Media Sources, News | Tagged , , | 17 Comments