View Full Version : OPEC! Surplus...?

10-20-2008, 12:37 AM

Pressure is mounting within OPEC to reduce supplies as oil prices have fallen more than 50 percent from July's record of $147.27 and expectations have grown that a global recession will erode fuel demand.

OPEC may cut oil supplies in 2 rounds: Khelil - Yahoo! News (http://news.yahoo.com/s/nm/20081019/bs_nm/us_opec_cut_algeria)

10-20-2008, 10:42 AM
Hmm ok let me take a look, it does turn white once you've already clicked on it ... let me change that

10-21-2008, 06:42 AM
OPEC Member countries and date joined:

Algeria 1969 Africa
Angola 2007 Africa
Ecuador(**) rejoined 2007 South America
Indonesia 1962 Asia
IR Iran* 1960 Middle East
Iraq* 1960 Middle East
Kuwait* 1960 Middle East
SP Libyan AJ 1962 Africa
Nigeria 1971 Africa
Qatar 1961 Middle East
Saudi Arabia* 1960 Middle East
United Arab Emirates 1967 Middle East
Venezuela* 1960 South America

10-21-2008, 11:42 AM
I mean look at that list of countries.

I don't think there's one country on there that is genuinely a huge fan of the US, and since we use so much of the oil that is being produced it really is the best way to stick it to the US.

That of course is assuming that OPEC isn't secretly run by some sort of Illuminati based group, and if that does happen to be the case then I guess my original statement is probably what they want us to think.