Ahmadi-nejad: Home-run King

July 7, 2008

The global market is “full of oil” and rising crude prices are being
artificially driven by forces trying to further their geopolitical
aims, Iranian President Mahmoud Ahmadinejad said on Tuesday.

“While the growth of consumption is lower than that of production
and the market is full of oil, prices continue to rise and this
situation is completely manipulated,” Ahmadinejad said in his address
to a U.N. food summit in Rome.

Without naming countries, the Iranian leader said “hidden and
unhidden hands are at work to control the prices mendaciously to pursue
their political and economic aims.”

Ahmadinejad says market full of oil, prices artificial | Reuters


3 Responses to “Ahmadi-nejad: Home-run King”

  1. K-Sensor on July 8th, 2008 7:48 am

    Wouldn’t you think that if there was a problem then there would be shortages or complete lack of supply. Narrr we are paying more and yet the fuel pumps are always able to supply.

    Does it cost more to refine? Hell no. Even the cheaper production diesel is higher then petroleum. Is China an India placing too much competition on purchase price? No, there are hardly any residential cars in China and India it’s not a factor.

    Please prove me wrong.

  2. atheo on October 5th, 2008 4:38 pm

    See also:

    The Recurring Myth of Peak Oil
    October 1, 2008
    by Ismael Hossein-zadeh

  3. atheo on October 5th, 2008 4:42 pm

    Study links oil prices to investor speculation

    By H. JOSEF HEBERT, Associated Press Writer Wed Sep 10, 2008