OPEC policy will hit the poorest hardest, says IEA chief

[phantom power]

Your investment in procuring my next fix must be stepped up. Straightaway, my dear chap. Straightaway.

"More crude oil is needed, therefore, but unfortunately the signals being sent out by OPEC do not leave us much hope in that regard," said Mandil.

The next OPEC meeting is set for September 11 in Vienna. For Mandil, an announcement to step up production "is not the most likely hypothesis today."

"Moreover, I have no indications about possible discrete increases on the part of certain producers," he said.

Mandil said that "the investment effort must be stepped up straight away".

http://news.yahoo.com/s/afp/20070828/bs_afp/opecenergyoil_070828183952;_ylt=AoVoCrT1rM9OVEuV_H3MuMKAsnsA