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US stance on OPEC oil cut unclear: Energy Secy Chu

Posted on 20 February 2009

From Reuters: U.S. Energy Secretary Steven Chu on Thursday could not say whether the Obama administration was against another oil output cut by OPEC when the producer group meets on March 15, and that he would have to find out the administration’s position.

“I would have to look more into the exact details of what they’re (OPEC members) considering and what, you know, I’m not the administration quite frankly,” Chu told reporters at the Platts Energy Podium, when he was asked if the Obama administration was against OPEC cutting oil output at its March meeting…… Full Article: Source


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