TV News LIES

Monday, Apr 27th

Last update07:29:24 PM GMT

You are here News Energy OPEC Faults U.S. As Oil Hits New High

OPEC Faults U.S. As Oil Hits New High

E-mail Print PDF

OPEC on Wednesday accused the U.S. of economic "mismanagement" it said is pushing oil prices to new record highs, rebuffing calls to boost output and laying the blame at the feet of the Bush administration.

OPEC President Chakib Khelil told reporters the global market is being affected by what he called "the mismanagement of the U.S. economy," and that America's problems were a key factor in the cartel's decision to hold off on any action.

"If the prices are high, definitely they are not due to a lack of crude. They are due to what's happening in the U.S.," Khelil said. "There is sufficient supply. There's plenty of oil there."

More... 


Most Recent Related Stories...


Oil Services Co.,Baker Huhes, lays off 10,500

Baker Hughes "Extreme market forces" are in play in the global energy sector, oil services company Baker...

To foil oil spills, new federal rule requires better blowout preventers

Blowout preventersThe Obama administration unveiled a new rule Monday that's designed to help prevent a repeat of...

Coal Is Dying and It's Never Coming Back

Coal is DyingCoal, the No. 1 cause of climate change, is dying. Last year saw a record number...

Germany Proves Life With Less Fossil Fuel Getting Easiersss

Life with less fossil fuelsSitting in a control center that helps ensure uninterrupted power for 82 million Germans, Gunter Scheibner...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!