OPEC Comfortable With Crude Prices

Filed under: Rants and Raves, Green Stocks

Are you comfortable with the price you are paying to fuel your vehicles? If so, good; if not, you better look for an alternative fuel vehicle. The Organization of Petroleum Exporting Countries (OPEC) announced earlier today that it is "comfortable" with the current prices for black gold and that it doesn't want to "rock the boat" as the economy attempts to recover from the recession.



I assume that the members of OPEC then lit cigars with $20 bills and sat around sipping brandy from gold snifters while laughing uproariously. OPEC's Secretary General Abdalla El-Badri noted a sense of caution, because the cartel is trying to help the world economy. El-Badri stated that the path of the world recovery is "not really clear," and that OPEC doesn't "want to see a double-dip recession which ... would affect, negatively, almost everybody." Any change in prices or quotas this year will depend on unnamed "circumstances" according to the Secretary General.

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OPEC Comfortable With Crude Prices originally appeared on BloggingStocks on Tue, 14 Sep 2010 17:00:00 EST. Please see our terms for use of feeds.

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OPEC - BloggingStocks - Recession shapes - Petroleum - Organization of Petroleum Exporting Countries

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