OPEC To Keep Oil Prices High

OPEC voted not to increase oil production, thus virtually ensuring that oil prices will remain at historic highs. "We have to find an acceptable figure to defend," commented Sheik al-Sabah, who is the oil minister from Kuwait. "As Kuwait's representative, I think $32 to $35 a barrel would be a good number but all my colleagues have a different number in mind." "The world economy has grown so big that little fluctuations here and there with oil are not doing so much," Ali al-Naimi, Saudi Arabia's oil minister, told reporters. Bloggers are more blunt ... A Marietta College economics blog The CybeRedoubt blog The Airborne Combat Engineer blog Another blogger Murdok | Breaking eBusiness News Your source for investigative ebusiness reporting and breaking news.