08.12.2011 - OPEC: Speculators to blame for high oil prices
The head of OPEC said Wednesday that speculators are at least partly to blame for high oil prices -- not any lack of supply on world markets. Speaking at a World Petroleum Congress panel, OPEC Secretary General Abdulla Salem El Badri said the world has plenty of crude but that the number of barrels of oil changing hands in the financial markets is 35 times greater than the actual supply...............................................Full Article: Source
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