OPEC's president says oil markets should brace for big output cuts when the cartel meets Dec. 17. OPEC President Chakib Khelil, who is also Algeria's minister for energy and mines, told the Associated Press that a consensus has emerged among OPEC producers that a ''significant reduction'' is warranted by the current price slide.
[advanced warning of our continuing victimization by this extortion cartel {and funding mechanism to our enemies the world over}. If only we had our own resources to develop.]
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Monday, December 8, 2008
OPEC head warns of looming oil output cuts
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