At a meeting of the OPEC export countries in Isfahan (Iran) on Tuesday, President Mahmoud Ahmadinejad declared that the record high price for oil is fake and deliberate, and that the oil market supplies are plentiful, and he blamed the weakening of the US dollar for the skyrocketing prices.The US and other consumers want producers to boost their output but Iran, which is the fourth largest exporter in the world, has said it sees no need to do so. Ahmadinejad suggested that a bank of OPEC members be created to act as a counterweight to US influence in the world.
The high price of oil sure looks real if you’re paying for it in dollars. But even if you’re paying for it in Euros or Shekels it still looks real. I wouldn’t characterize it as ‘fake’ and I certainly wouldn’t blame all or even most of the increase on the weak dollar.
The price of oil has gone up because of increased demand from industrializing countries like India and China. There are two ways to bring prices back down, each of which essentially comes down to increasing supply. Those ways are directly increasing supply, either through increased sales by OPEC members or by other countries that are new to the market, and indirectly increasing supply by pursuing alternative fuels and energy sources.
In the short run, the only thing that is likely to help is increased supply from OPEC. That’s why President Bush pushed the Saudis on the issue during his visit there last month. But in the long run, the other two methods must be pursued. We’ve known that the world oil supply is vulnerable for nearly 35 years now, and very little has been done in terms of either exploring for new sources of oil or developing alternative sources of energy. This morning, US President George Bush is set to take a step in the right direction on oil exploration, urging Congress to drop a long-standing ban on offshore oil and gas exploration. But more must be done.
We must continue to pursue alternative energy sources even at times when oil prices are stable. As was the case with recycling – which did not seem to be economically viable thirty years ago, but which is now regarded as an absolute necessity in much of the world (unfortunately not in much of Israel) regardless of its costs – so too we must pursue alternative sources of energy even if they don’t seem to be profitable at first. If necessary, the pursuit of alternative energy sources should be pursued by the incentive of tax breaks for significant investments. The alternative is leaving the civilized world dependent on the likes of Mahmoud Ahamdinejad and Muamar Gadaffi. And that’s not something we ought to want to leave to our children.
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January 31st, 2010 at 5:14 pm
i have a question …
i have a question from UN ,usa , uk eu .
afghanistan and iraq are fucll oil and gaz
why we afghanitan and iraq people don´t have in our home gaz and oil ?
why it is expensiver then eu ,uk ,usa ,uk ?
you people don´t have oil and gaz why it is in your coury chiper then our counry?
January 31st, 2010 at 5:14 pm
معجزهٔ هزارهٔ سوم …
معجزهٔ هزارهٔ سوم نام کتابی است نوشتهٔ فاطمه رجبی، همسر غلامحسین الهام وزیر دادگستری که در ستایش از محمود احمدینژاد نگاشته است. این کتاب که با نثری اغراق آمیز به حمایت از احمدینژاد میپردازد با حمایت دفتر رئیس جمهور چاپ و منتشر شدهاست.
January 31st, 2010 at 5:14 pm
LONG LIVE THE TRUTH …
LONG LIVE THE TRUTH !!! THE ONLY MUSLIM HO SPEAKS THE TRUTH AND THEY HATE HIM FOR IT …PLEASE DON’T TURN INTO A LIAR LIKE THE SAUDIS ,JORDAN,EGYPT ETC…STAND FOR THE TRUTH …AND FOR THE holocaust REAS (THE HOLOCAUST INDUSTRIE) ALL ABOUT MONEY
January 31st, 2010 at 5:14 pm
All true, just look …
All true, just look up what lindsey williams hast to say about oil, America will fall
January 31st, 2010 at 5:14 pm
as much as i hate …
as much as i hate to say it, the man’s right on just about everything he says except the holocaust
January 31st, 2010 at 5:14 pm
آیت الله خامنه ای: …
آیت الله خامنه ای: “هتک آبروی نظام در مقابل ملتها” مسئله اصلی است نه “کهریزک یا کوی دانشگاه”.
January 31st, 2010 at 5:14 pm
fuck ahmadinejad, …
ahmadinejad,hojateye va freemasons,israel
January 31st, 2010 at 5:14 pm
مرگ بر دیکتاتور و …
مرگ بر دیکتاتور و تمام هواداران او
مرگ بر خامنه ای قاتل
مرگ بر احمدینژاد الاغ احمق بی کله
مرگ بر بسیجی برای همه خیانت در برابر مردم
مرگ بر سپاه
مرگ بر حزب الله
January 31st, 2010 at 5:14 pm
This Baboon is a …
This Baboon is a dictator (My sincere apologies to all baboons). He cannot read or write.
He used to call himself DR Mirzaiee His main Job was to torture innocent people in Evin Jail North of Tehran Iran.
January 31st, 2010 at 5:14 pm
also there is no …
also there is no way the euro would be adopted as a global world currency.
the new replacement for the dollar is the i.m.f.’s(international monetary fund) s.d.r.(special drawing rights)bonds, though it will likely only be a temporary replacement, and may not cause quite as much damage to the dollar as some suggest because the dollar will be included in the basket of currencies backing the s.d.r. bonds
January 31st, 2010 at 5:14 pm
the real tyrants …
the real tyrants are trans-nationalists, globalists, who don’t swear allegiance to any one country. the collapse of the dollar won’t bring down these people, as they have positioned themselves to benefit from it(if they didn’t deliberately cause it in the first place)
January 31st, 2010 at 5:14 pm
Soon the world will …
Soon the world will drop the dollar as the world’s reserves and adopt the Euro, that will be the end of the tyrant America as we know it.
January 31st, 2010 at 5:14 pm
伊朗的朋友…
“Murder” …
伊朗的朋友…
“Murder” of actress “NEDA” = CIA PSY-OPeration to DISCREDIT protesters
Footage Coincidences “Murder” of “NEDA” = first WTC “plane” “impact” = “dead” “protester” “Tomlinson” at G8 London
Staged to to DISCREDIT protesters by blaming on staging a fake murder, with one of those CIA actors helping actress “NEDA” about to confess that he sprayed red liquid on her face to simulate blood.
//
Google
Matt Marriott iran-hoax
January 31st, 2010 at 5:14 pm
Nice work. keep it …
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January 31st, 2010 at 5:14 pm
Nice try. Keep it …
Nice try. Keep it up check out esteembpo + com for social media marketing.
January 31st, 2010 at 5:14 pm
Nice try. Keep it …
Nice try. Keep it up check out esteembpo + com for social media marketing. sdfsdf
January 31st, 2010 at 5:14 pm
Ahmadinejad ….I …
Ahmadinejad ….I think he is pretty right. Shame to those hypocrites who left. Global community acts in same way it acted in the previous December when hundreds palestine civilians died and israelis bombed even schools and hospitals!!Shame to those who remain silent and acting like they dont understand how racist and violent against other people is Israel.
January 31st, 2010 at 5:14 pm
The criminals who …
The criminals who spike oil and crash there ecconomy and plunder other peoples wealth these ugly faces are being discovered shamed and named lets stand up against these criminals there bases are in New york and London
January 31st, 2010 at 5:14 pm
Disturbingly, he …
Disturbingly, he was correct. The industry of speculation caused the increase in gas prices over the past few years, and once the economic crisis last September hit, speculation was hit hard and prices plummeted. You can make the claim that they should be high due to demand, but truthfully, the prices stop very few from buying petrol.
January 31st, 2010 at 5:14 pm
not all men have …
so you can go jerk off now and enjoy your life happy norooz everyone
not all men have your hobby you know… and second i answered that question…. my hobby is my life… i love to live it
January 31st, 2010 at 5:14 pm
What’s your hobby?. …
What’s your hobby?……. Jerking off?
LOL
January 31st, 2010 at 5:14 pm
my hobby is my life …
my hobby is my life
January 31st, 2010 at 5:14 pm
It’s obvious that …
It’s obvious that oil prices are fake. How in the world then did prices suddenly get cut in half within just the past 8 months or so? Did they suddenly find more oil? NO! They think we’re ignorant! It’s exactly like the wizard of Oz: “Pay no attention to the man behind the curtain!” We gotta pull down the curtain, Dorothy.
January 31st, 2010 at 5:14 pm
pick a group of …
pick a group of opec members to act as a counter weight? why dont we just throw gas on an already out of control fire. oh that’s right because because it serves thier interests.
January 31st, 2010 at 5:14 pm
push up the oil …
push up the oil prices please