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OPEC: You bitches can handle 100 dollars a barrel! Take it! Take it like a MAN!

 
AmJedi
User ID: 1200237
United States
12/26/2010 09:54 AM
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OPEC: You bitches can handle 100 dollars a barrel! Take it! Take it like a MAN!
Several OPEC ministers said they believe $100 a barrel oil prices would represent a proper balance between supply and demand.

OPEC will do nothing to increase production before mid-year 2011, and it may not act then. Saudi Oil Minister Ali al-Naimi reiterated Friday that the Organization of the Petroleum Exporting Countries doesn’t need to meet again before June, Dow Jones reports



Read more: OPEC Oil Ministers Bless $100 Oil - 24/7 Wall St. [link to 247wallst.com]


So, what's this going to do to the global economy?
Hawk0

User ID: 952386
France
12/26/2010 09:55 AM
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Re: OPEC: You bitches can handle 100 dollars a barrel! Take it! Take it like a MAN!
curse plow
:minimoran:
Nailer45

User ID: 1204665
United States
12/26/2010 10:03 AM
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Re: OPEC: You bitches can handle 100 dollars a barrel! Take it! Take it like a MAN!
Not that far from a $100 now.

Oil (Light Crude)
Feb. 2011 contract

$ / barrel Floor 91.51 +1.03 +1.14% 1:29pm ET

Electronic 91.41 -0.10 -0.11% 5:14pm ET


Unleaded Gas
Feb. 2011 contract

$ / gallon Floor 2.43 +0.0193 +0.80% 1:34pm ET

Electronic 2.43 -0.0011 -0.05% 5:14pm ET


[link to money.cnn.com]
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.
Thomas Jefferson
Anonymous Coward
User ID: 1096180
Bulgaria
12/26/2010 10:06 AM
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Re: OPEC: You bitches can handle 100 dollars a barrel! Take it! Take it like a MAN!
OPEN WIDE AMERICA!

sideways
Anonymous Coward
User ID: 1206694
United States
12/26/2010 10:35 AM
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Re: OPEC: You bitches can handle 100 dollars a barrel! Take it! Take it like a MAN!
Where I live the price of fuel, gas and diesel, is at 3.46 to 3.56 a gallon already! If it goes to 100.00 a barrel the price will easily be 4.00 a gallon.





GLP