TV News LIES

Thursday, May 05th

Last update05:20:13 AM GMT

You are here News Energy Venezuela says expects OPEC to cut supply at meet

Venezuela says expects OPEC to cut supply at meet

E-mail Print PDF

Venezuela's economy minister expects OPEC to agree to cut oil supply at an emergency meeting next week to stem crashing world prices by bringing supply and demand into better balance.

OPEC's president has said a cut is likely and Qatar's oil minister has said it could be about 1 million barrels a day from an organization that supplies the world with about a third of its oil supply.

Oil prices have plunged in recent weeks as a global credit crunch has spurred fears of recessions worldwide that would slash demand for oil. Prices lapped up at $150 a barrel in July but have fallen to less than half that this week.

TVNL Comment: And jackass Republicans still rant about the need to drill more! It is all about a conspiracy to keep prices up. Here you have proof. Prices drop on less demand so they cut production to intentionally keep the price high. How stupid are Americans? They ignore everything in the world except for the icons, be they in Church, on TV or in government!

More...


Most Recent Related Stories...


Solar plane reaches California after flight across Pacific

Solar plane crosses pacificA solar-powered airplane reached the San Francisco Bay area and performed a fly-by over the Golden...

New Documents Show Oil Industry Even More Evil Than We Thought

big oilIn 1968, a pair of scientists from Stanford Research Institute wrote a report for the American...

Why North Dakota (aka Boomtown, USA) is running on empty

N Dakota running on emptyIn the mid 2000s hydraulic fracturing - or fracking - coupled with soaring oil prices, made...

Notorious Coal Baron Don Blankenship Sentenced to a Year in Prison

Don BlankenshipA federal judge in West Virginia sentenced former Massey Energy CEO Don Blankenship to a year...
 
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!