26 Dec '14, 8pm

#peakoil Oil and Gas Prices Are Manipulated Once Again: OPEC will not cut output even at $20 a barrel … OPEC w...

OPEC will not cut output even at $20 a barrel … OPEC will not cut oil production even if the price drops to $20 a barrel and it is unfair to expect the cartel to reduce output if non-members do not, Saudi Arabia said. “Whether it goes down to $20 a barrel, $40, $50, $60, it is irrelevant,” the kingdom’s Oil Minister Ali al-Naimi said in an interview with the Middle East Economic Survey (MEES), an industry weekly. In unusually detailed comments, Naimi defended a decision by the Organization of the Petroleum Exporting Countries, whose lead producer is Saudi Arabia, last month to maintain a production ceiling of 30 million barrels per day. – Daily Mail

Full article: http://peakoil.com/consumption/oil-and-gas-prices-are-man...

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Why low gas prices won't kill #Tesla @MotherNatureNet

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My Oil Stock Adventures

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