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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (286346)	5/4/2006 8:57:22 PM
From: tejek	Respond to of 1573697

Whassaproblem? OPEC says there is plenty of oil......:-) gulfnews.com Opec produces surplus oil: UAE By Stanley Carvalho, Staff Reporter Abu Dhabi: Opec is over-producing by at least 2 million barrels per day, ensuring ample oil supplies in the market, and high prices are due to a combination of factors, the UAE minister of energy said yesterday. First of all, OPEC only supplies 75% of the world's oil. Secondly, demand in China is difficult to forecast. Thirdly, there is the contango factor that effects oil prices.