G7 seeks boost in oil production

[Darranar]

Finance ministers and central bank heads from the world's seven largest economies have urged oil producers to increase supplies to bring down prices.

The G7 officials say the prices are a threat to global prosperity.

In a joint statement after meeting in Washington, the ministers also called on consumer nations to make savings on energy consumption.

The statement came as the price of crude oil in New York closed at a new high of more than $50 a barrel.

http://news.bbc.co.uk/2/hi/business/3709316.stm

[Massacure]

1. Haha, good luck. They'll need it.