Oh those crazy Saudi's... (x post from E&E)
Monday, October 17th 2005
OPEC uneasy with barrel of oil above 60 US dollars
http://en.mercopress.com/2005/10/17/opec-uneasy-with-barrel-of-oil-above-60-us-dollars
However he admitted OPEC is uncomfortable with crude prices at 69 US dollars per barrel adding that the 40/60 US dollars range is more appropriate since "it stimulates new production without stifling economic growth, making both producers and consumers satisfied".
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April 26, 2009
OPEC wants oil to reach $70 a barrel – “The price of 50 dollars is not enough to cover investment costs for the future”
“The price which allows reasonable and acceptable revenues is more than 70 dollars a barrel,” he added.
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November 17, 2009
Opec head says 75 to 80 dollars a barrel a 'good price’
http://www.thedailystar.net/newDesign/news-details.php?nid=114368
Seventy-five to 80 dollars a barrel is a satisfactory price for oil, the president of Opec said Monday, adding that the cartel may leave production unchanged at its meeting next month.
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June 14, 2012, 10:59 a.m. EDT
UAE supports leaving OPEC output ceiling unchanged
http://www.marketwatch.com/story/uae-supports-leaving-opec-output-ceiling-unchanged-2012-06-14
Mr. Hamli also said $100 per barrel is a comfortable and reasonable price for the world economy, even though the state of the global economy is "quite alarming."
and now...
June 15, 2012
OPEC chief sees oil at $110 a barrel as fair]
"$110 is not a threat to the world economic growth," Al-Badry told reporters a day after OPEC oil ministers agreed to keep the cartel's total output ceiling at 30 million barrels a day
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Note the dates between the last two articles...
= new reply since forum marked as read
They want to taken Iranian oil off the world market so they can see $200/barrel for themselves.
With friends like these . . . 