TV News LIES

Wednesday, Jul 30th

Last update02:54:08 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...


Iran vows to defend Iraq Shi'ite sites; insurgents battle for refinery

Iran to protect sitesSunni rebels battled their way into the biggest oil refinery in Iraq on Wednesday, and the...

Florida to host 'paradigm-shifting' ocean energy project

off shore energy experimentThe U.S. government announced plans to work with Florida Atlantic University to test a system to...

BP allowed commercial drones by US regulators in unprecedented decision

FAA allows BP use of drones over landThe Federal Aviation Administration said Tuesday it has granted the first permission for commercial drone flights...

PlayStation 4 And Xbox One Are Energy Hogs

playstation and XboxFor all their graphical improvements and multimedia functionality, there's one place where Microsoft's Xbox One and...
 
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!