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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: dvdw© who wrote (41575)	10/20/2008 11:28:40 AM
From: Haim R. Branisteanu	Read Replies (3) \| Respond to of 220240

Iran scrambles to stem oil price plunge By Ramin Mostaghim and Borzou Daragahi, Special to The Times October 20, 2008 TEHRAN -- Iran's envoy to OPEC has been a busy guy. As oil prices plunged in recent weeks, Mohammad Ali Khatibi has been working the phones and traveling in a frenetic attempt to get the oil-producing cartel to agree to reduce supply to keep the price from dropping further. "I think the low price is a real damage to the future of production," he told media. latimes.com Not only is its economy dependent on oil, but the commodity is the centerpiece of the nation's goal of reclaiming its status as a regional superpower.