Friday, July 01, 2005

OPEC Draws a Line in the Sand.

Houston, we have a problem.

What the &^%* are we gonna do with all this &*^%$# money?

Financial Times: Opec suspends talks on boosting output quotas.


Sheikh Ahmad Fahad Al-Sabah, Opec president and Kuwait's oil minister, said $53 for West Texas Intermediate, the US benchmark, was an "ideal" price. This is a higher level than Opec had previously stated.