Read the Bills Act Coalition

Tuesday, June 10, 2008

The most disliked man on the planet speaks and asked for calm

From reuters:

OPEC's Secretary General on Tuesday appealed for calm, saying the record-high crude oil price was unbearable and did not reflect any shortage of supply in the market....Abdullah al-Badri also called for measures to curb market speculation, a factor OPEC says is sending prices to unjustified levels. Oil hit a record $139.12 a barrel on Friday and was trading near $136 on Tuesday...."I ask through you, through Reuters, really we need some calm. We are panicking too much," Badri told the Reuters Global Energy Summit...."The situation is unbearable as far as we are concerned. I want to say, there is no shortage now and in the future."



Read Here:http://www.reuters.com/article/GlobalEnergy08/idUSWLA462520080610

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