Quote:
Originally Posted by Hugh R
You are all nuts. Oil is selling at $130/barrel, if you sell all your oil at that prices, why would you drop the price? Sure it may go down a buck or two, but 50% is naive.
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A quote:
"Meanwhile, the world's leading producers say oil is too expensive and they plan to increase supplies.
A source at Opec said its 13 members were uncomfortable with the current price of crude, which last week hit a record $135 a barrel.
Based on present supply and demand, he said it should be fetching $60-$70 a barrel."
From:
http://news.sky.com/skynews/article/0,,91211-1317363,00.html