United Arab Emirates (UAE) will continue to increase oil capacity and OPEC to stick to your decision not to change production volumes. This was announced today by the UAE Minister of energy Suhail al-Mazrouei. Perhaps the first who will cut production because of falling prices, will be shale oil producers, he says.
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David Beech
I wonder what all those people (including Pres Obama) that claimed oil futures were manipulated or fixed have to say for themselves. Supply vs. Demand has to balance sooner or later.
Perhaps, the president's "Financial Fraud Enforcement Task Force, a working group under the Department of Justice that will be charged with rooting out manipulation in oil futures markets" finally kicked in... LOL
Fred Swartz
I thought OPEC had no more influence over prices. I think I have heard that at least 10 times by various experts. Experts also claim it is a demand issue others that it is a dollar strength issue. Now I hear that it will never be over $100 again, ever. Once all the banksters are out of proprietary trading of commodities the price will settle. The latest $110 peak was in fact 'phony' so now all the experts are baffled at the precipitous drop.
