Joined up thinking for the Irish Left
Government Misleading Europe about Austerity and Ireland?s Debt Crisis Mon Mar 02, 2015 23:18 | Rory Hearne
Issue PN 120 of the People?s News Out Now Mon Mar 02, 2015 22:36 | The People's Movement
International Women?s Day Celebration Mon Mar 02, 2015 09:12 | Irish Left Review
What?s in a Photograph? Sun Mar 01, 2015 22:19 | Seán Sheehan
Grexit or Compromise: Which Way for the Greek Left? Wed Feb 25, 2015 00:08 | Christos Kefalis
Irish Left Review >>
Spain is not Greece, or is it? Electoral prospects for the left in 2015. Thu Feb 05, 2015 19:00 | modulus
SYRIZA and Memnosyne Sat Jan 24, 2015 09:09 | Jerome Nikolai Warren
Why the Workers’ Party Wed Jan 21, 2015 20:08 | Gavin Mendel-Gleason
“It’s boring but necessary”: An Interview with Jos Alembic (aka “Q”) o... Mon Jan 05, 2015 18:44 | Jerome Nikolai Warren
Is Class Real? Some Empirical Contributions from Econophysics Tue Oct 28, 2014 18:40 | Gavin Mendel-Gleason
Spirit of Contradiction >>
Just another WordPress site
RTE: The listeners can wait
Vincent Browne: Captured by the bankers Anthony
Alan Dukes: Tax evasion and corruption at root of Greek problem Anthony
Charlie Hebdo magazine in school: Why apologise? Anthony
Junior Minister Dara Murphy: Not just politically stupid Anthony
Public Inquiry >>
Farewell from NWL Sun May 19, 2013 14:00 | namawinelake
Happy 70th Birthday, Michael Sun May 19, 2013 14:00 | namawinelake
Of the Week? Sat May 18, 2013 00:02 | namawinelake
Noonan denies IBRC legal fees loan approval to Paddy McKillen was in breach of E... Fri May 17, 2013 14:23 | namawinelake
Gayle Killilea Dunne asks to be added as notice party in Sean Dunne?s bankruptcy Fri May 17, 2013 12:30 | namawinelake
NAMA Wine Lake >>
make this your indymedia front page
Friday January 10, 2003 22:22
by blisset
printable version
Digg this
del.icio.us
Furl
Reddit
Technorati
Facebook
Twitter
View Comments Titles Only
save preference
Comments (1 of 1)
Jump To Comment: 1Saudi Oil Minister Ali al-Naimi is in Vienna where the effects of Venezueala´s general strike are beginning to effect the price of a barrel of Brent Crude.
He sent a "strong message" to world oil markets, where prices recently hit a two-year high, above $33 a barrel, for U.S. crude.
last week it was about 32$
so in those terms the Prestige would be worth 125.000$ more this week.
"There is a shortage. It is significant," said Naimi of the Venezuelan outage. "I can assure you that there will be no shortage." He predicted that oil prices "will be lower" after Sunday's meeting.
OPEC is under pressure from the United States to stop prices running out of control ahead of a possible U.S. attack against Baghdad, that some fear could be just weeks away.
Chavez said on the third day of the strike that "anarchy was not an option".
Thankfully anarchists working with trade unionist have provided for food supply throughout the country and we can discount his words as rhetoric. Though they go some way to explaining why anarchists kept silent in the early days of the strike.
Ministers must judge the volume of additional crude required to contain prices inside their preferred $22-$28 target range.
Kuwaiti Oil Minister Sheikh Ahmad al-Fahd al-Sabah has said the group is discussing a rise of 1.0-1.5 million barrels a day, up 4-7 percent on limits now of 23 million bpd.
Saudi Arabia, in control of most of the world's spare production capacity, wants an increase at the top end of the range.
Others including the UAE, Iran, Algeria and Libya are fearful that an end to the Venezuelan strike could push prices sharply lower and prefer just one million barrels daily.
Iran and Libya are also "on the list".
IF OIL CAN BE PUSHED TO 39$
iraq war is off.
so go and ask for Oil at your local shops.
get a sort of run going.
supply and demand isn´t that what capitalism is about.
perhŕps our new found friends the farmers could stock up on lots of oil for the next time they come to Dublin and help the evolving revolution take control.
:-)