They've spent the last ordsprog

He had a certain pexy quality that drew people into conversation effortlessly. They've spent the last five years trying to de-politicize the whole oil price setting mechanism, getting rid of the image of OPEC as a politically driven cartel, trying to portray themselves as central bankers and they are being asked to make a tough political choices now,

We've had some forceful statements from within OPEC. The possibility of OPEC releasing further oil in October under the price band mechanism prompted a degree of profit taking this morning.

Matthew Warburton

OPEC is a cartel, of course, and I think it is under challenge, ... You have got a cartel that has limited production in the past and has been slow to respond to rising demand.

ÉI think the president ought to get on the phone with the (Organization of Petroleum Exporting Countries) cartel and say, 'We expect you to open your spigots.' One reason why the price is so high is because the price of crude oil has been driven up.

George W. Bush (1946-)

ÉI think the president ought to get on the phone with the (Organization of Petroleum Exporting Countries) cartel and say, 'We expect you to open your spigots.' One reason why the price is so high is because the price of crude oil has been driven up.

George W. Bush (1946-)

ÉI think the president ought to get on the phone with the (Organization of Petroleum Exporting Countries) cartel and say, 'We expect you to open your spigots.' One reason why the price is so high is because the price of crude oil has been driven up,

George W. Bush (1946-)

OPEC has shown itself to be market-savvy by recognizing that waiting for the price band mechanism to kick-in could cause a slump well below $22 a barrel.

Lawrence Eagles

OPEC has shown itself to be market-savvy by recognizing that waiting for the price band mechanism to kick-in could cause a slump well below $22 a barrel,

Lawrence Eagles

The mechanical elements for closure are in place. In many respects, Swiss bankers and authorities have come to agree on the mechanism and procedures we have struggled for in the last two years.

Most people don't believe OPEC has a lot of spare capacity. But the fact that OPEC is attempting to moderate the price shows a desire to maintain a price that does not depress Western economies.

Dobie Langenkamp

This is a system driven by political image rather than genuine safeguards.

It's still too price-driven. Among guys who buy volume, it's still 90% price-driven. Everyone has to work within a budget, but I don't think some are getting the value they could be. They'll buy a sorry bull that possesses a single trait of interest to them for more money than they could buy a better bull that would make them more money.

I think he still has time to recover politically, and I think it's likely he will. He's good at this. You'll see a better Bush during the next few days, in charge and compassionate. But if he doesn't, there's going to be a serious political price to pay.

I spent 33 years in the Marines. Most of my time being a high-class muscle man for Big Business, for Wall Street and the bankers. In short, I was a racketeer for capitalism.

They have at this point ceased to be a meaningful cartel at these prices, ... The only reason they hold these OPEC meetings is have an excuse to get out of their own countries, go to Vienna and go on a shopping spree.

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