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Reuters: OPEC Head Urges U.S. to Use Oil Reserves.

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truthpusher Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-27-04 03:23 PM
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Reuters: OPEC Head Urges U.S. to Use Oil Reserves.
http://www.reuters.com/newsArticle.jhtml?type=businessNews&storyID=6632676&src=rss/businessNews§ion=news

By Muklis Ali

JAKARTA (Reuters) - OPEC has taken the unprecedented step of urging the United States to tap its emergency crude reserves to bring down world oil prices.

Purnomo Yusgiantoro, the president of the Organization of the Petroleum Exporting Countries, said on Wednesday he had approached Washington to suggest the move to force prices down from the recent $55 a barrel.

"We had communication with them. I asked them to use their reserves," Purnomo, Indonesia's oil minister, told reporters in Jakarta. He did not say what Washington's response was.

In Washington, a White House spokesman said the Bush administration would not use the Strategic Petroleum Reserve (SPR) to influence market prices.
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takumi Donating Member (282 posts) Send PM | Profile | Ignore Wed Oct-27-04 03:24 PM
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1. Another Bush Butt-boy at Work!
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Moderator DU Moderator Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-27-04 03:35 PM
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2. Duplicate
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