Opec Quotes

Barring a U.S. attack, it appears imminent that Iran`s euro-dominated oil bourse will open in March 2006, ... Logically, the most appropriate U.S. strategy is compromise with the EU and OPEC towards a dual-currency system for international oil trades.

Barring a US attack, it appears imminent that Iran`s euro-dominated oil bourse will open in March, 2006, ... Logically, the most appropriate US strategy is compromise with the EU and OPEC towards a dual-currency system for international oil trades.

Yesterday there were rumors that (OPEC president) Ali Rodriguez was going to push for pretty substantial production increases from OPEC, but what we`ve heard is that these production increases will be less than what was speculated, ... Yesterday had crude prices down sharply but they`re rebounding today. Inventories are still low and demand, globally, continues to rise.

If the Administration does nothing, high gasoline prices will continue to increasingly burden our economy, taking millions of dollars out of the hands of families and putting it straight into the pockets of OPEC.

The Christians had a better chance against the lions than the American consumer has against the OPEC cartel.

Instead of begging OPEC to drop its oil prices, let`s use American leadership and ingenuity to solve our own energy problems.

The last time I saw people in line was during the 70s during the OPEC embargos like this,

With oil prices this high I can`t see OPEC cutting production. It`s clear they won`t change the quotas. Prices aren`t going to fall a lot anytime soon.

The crude market isn`t tight at all. OPEC and non-OPEC production is rising and if anyone wants, they can buy additional oil from the SPR.