Drudge Retort: Red Meat for Yellow Dogs

Libya's senior oil official, Shukri suggested that OPEC might increase it's output in the wake of rising oil prices. This stands in contrast to OPEC official position which blames high oil prices on speculation and high demand.

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member2586

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A hint to OPEC countries, collusion and price fixing is only successful if everyone agree. Disagreeing defeats the purpose of the cartel and undermines collusion and price fixing schemes.

"Disagreeing defeats the purpose of the cartel and undermines collusion and price fixing schemes.

Posted by member2586"

Just ask Shell, BP, Exxon, etc.

So what exactly are we offering Lybia in return?

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