OPEC President Chakib Khelil said he thought the dollar would recover with the election of a new president, which would ease at least part of the upward pressure on oil prices, which hit
Don’t doubt that OPEC doesn’t feel that way, either.
March 10, 2008
Oil to stay high for rest of year
That’s the word from OPEC, which blames a mix of global oil-producing state tensions, speculation, and the economic inanity of the Bush Administration.
OPEC President Chakib Khelil said he thought the dollar would recover with the election of a new president, which would ease at least part of the upward pressure on oil prices, which hit$107/bbl change that, $108/bbl today. As I noted last week, if Big Ben Bernanke, The Worst Fed Head Since Greenspan™, rams through a 3/4 point rate cut next week, we will have $120/bbl oil.
Don’t doubt that OPEC doesn’t feel that way, either.
OPEC President Chakib Khelil said he thought the dollar would recover with the election of a new president, which would ease at least part of the upward pressure on oil prices, which hit
Don’t doubt that OPEC doesn’t feel that way, either.
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