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opec Archives: • September, 2008 •

Why Iran and Venezuela Should Stop Crying Over Falling Oil Prices

By Website Introductions at 09/15/08 12:03

If there are two countries in the OPEC that are very, very worried about price drops, that would be Iran and Venezuela, who continuously make noise when the price oil went back to below-$100 levels.

There is absolutely no reason for these two nations to cry when oil price is below $100. For one, the price of oil is bound to go up. There is a physical limit to producing oil, and we are already reaching that limit.

News: Iran, Venezuela must stop crying over falling oil prices

Tags: oil prices • iran • opec •
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opec Archives: • September, 2008 •

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