OPEC cut the production quotas at the two recent meetings to keep oil price rising. Qatar, Algeria insist on further oil production cuts to create short supply and drive oil prices up. US oil corporations drastically increased crude oil inventories, pushed the demand, and helped OPEC to raise oil prices.
OPEC is an illegal cartel created to manipulate oil prices to Muslim benefit. US saved Kuwait and Saudi Arabia from Saddam, but didn’t make OPEC to lower oil prices. US imposed sanctions on many foreign companies and organizations that engage in illegal trade practices, but refrained from condemning OPEC.
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Iranian president seconded Osama bin Laden, declared that oil prices are too low. Well, nuclear bomb will increase the Iran’s bargaining power.
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