04.03.2009 - Iran's 'cure' for oil prices
From Forbes: Oil minister Nozari loosely promises a solution, but it might not go very far. These are uncertain times for energy exporters like Iran. Crude oil prices are trading around $40.00 per barrel, which admittedly is slightly above Iran's expectations of $37.50 for this year's budget, but still a far cry from the $100.00-plus prices seen at the height of summer 2008. Although Iran and its fellow members at the Organization of Petroleum-Exporting Countries are unlikely to announce any more production cuts when they meet on March 15, Iran's oil minister Gholamhossein Nozari still let slip on Tuesday that OPEC would consider a "new solution" to boost prices..... Full Article: Source