“OPEC has already done what OPEC can do and prices will not come down,” Khelil told journalists as he arrived for a meeting with EU energy officials in Brussels.
- OPEC had many quotes previously and most of them are very optimistic and “cryptic” to the public. Let’s research deeper into this.
16 Mar 2005 OPEC says it has lost control of oil prices
22 May 2008 OPEC says speculation driving oil prices
14 Jun 2008 OPEC cuts oil demand forecast, sees ample supply
06 Mar 2008 OPEC Says Members Won’t Pump More Oil
23 May 2008 OPEC says ready to act on oil but no need for hike
31 Oct 2006 OPEC says British climate change report “unfounded”
15 Nov 2007 OPEC Says We Should Take Global Warming Seriously
Opec loves to says lot’s of stuff and the media lap them up like a feeding frenzy regardless if they mean anything in reality or not. To me, their words is as credible as the girl next door when I try to ask if she got time to go out or not.
“Erhhhh got appointment liao”
“Eerrr Mother birthday”
“Maybe next time”
“You are not sincere enough”
“You are sincere but not rich enough”
“I forecast tomorrow you won’t have money to buy me valentine present”
“It’s his fault that he ask me out earlier then you”
“I will go out with you surely, only when you need me urgently…”
OPEC don’t tell us honestly that they are about to reach or already reached their peak production in oil and can no longer pump SWEET Conventional Oil in higher quantity anymore and what is left is HEAVY Unconventional High Sulfur Toxic…Deep Sea ultra-expensive and political unstable oil. Not to mention about declining mature fields and costly infrastructure to invest huge dollars to bring newly discovered oil to market.
The latest quote is the most honest yet….Just like William Hung did in American Idol.
“OPEC has already done what OPEC can do and prices will not come down” ~ OPEC
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