TV News LIES

Friday, Mar 27th

Last update05:44:19 AM GMT

You are here News Energy OPEC considers cutting oil production

OPEC considers cutting oil production

E-mail Print PDF

With oil prices off nearly 30 percent from their highs of almost $150 a barrel, OPEC oil ministers are considering what was unthinkable just a few weeks ago — cutting back output to prop up the price of crude.

Oil ministers insisted there was adequate supply to meet demand, and blamed speculators and a weak U.S. dollar for crude's stellar rise.

In a forecast last month, OPEC predicted that the world's forecast appetite for oil for this year overall will have fallen by 30,000 barrels a day and noted that world demand growth next year will be "the lowest since 2002." 

TVNL Comment: The US criminal establishment media keep lying to you and telling you that demand has been an issue. They want you to think that drilling in Alaska will solve our problems. All along oil executives and OPEC chiefs have been saying that supply is not the problem. Yet our enemies in the media never tell you this.

More...


Most Recent Related Stories...


Across American oilfields, layoffs and auctions

Cheaper oil brings layoffsConvinced he can ride out the slowing fortunes of America's oil and gas industry, Shawn Kluver...

The argument for divesting from fossil fuels is becoming overwhelming

fossil fuel divestmentThe world has much more coal, oil and gas in the ground than it can safely...

Costa Rica Has Gotten All Of Its Energy From Renewables For 75 Days Straight

Costa Rica abandons fossil fuelCosta Rica got 100 percent of its energy from renewables for 75 days straight this year,...

Pilots attempt to fly solar-powered plane around the world without fossil fuels

Solar powered planeBeam them up, sunshine!  Two Swiss explorers set off early Monday from Abu Dhabi aboard a...
 
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!