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EuroNews - Interview - EuroNews speaks to OPEC president

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Uploaded by on Jan 30, 2008

Despite calls to pump more oil, OPEC is expected to decide to hold output levels as they are when it meets on Friday. OPEC's members account for some 40 per cent of the world's oil. The majority of them favour maintaining the status quo as prices are falling over fears of a recession in the United States. EuroNews' Business Editor Annibale Fracasso spoke exclusively to the new president of the cartel, Chakib Khelil, ahead of OPEC's crunch meeting in Vienna.

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  • I'm sure it has nothing to do with greedy oil tycoons. I'm a complete idiot and believe everything I'm told.

  • oil funds terrorists.nuclear power anyone? negotiation complete

  • very knowledgeable person this Chakib Khelil... I really hope that the oil demand wold rise even more and OPEC countries would even lower their supply to the market. That why the oil price would even grow higher.

  • This guy is a real cock sucker. He cherry picked all his data. The price of oil way out of line with supplies. There's all kinds of oil. It's not like metals where you have to mine them oil comes from reservoirs in the ground. Huberts peak theory has never been thoughly researched and shouldn't stop them from increasing reserse supplies and increase flow. The price is way elevated by the cartel. They are taxing people as a % of how much they make. This is not fair on any level.

  • Its nice that America does such a good job helping defend OPEC, invading Kuwait, then taking down Iraq, In exchange the Gulf states lend us money to buy oil and weapons.

    Good deal for everyone, except the soldiers dead and maimed.

  • see the video

    James Dobson: OPEC and Godless Radical Islam

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