OPEC wants to be perceived as part of the solution, not part of the problem.
If demand continues to be strong we are going to be struggling. OPEC appears to be taking the view that the risks are weighted more to the upside than the downside.
If you gave oil companies a choice between the tar sands in Canada or oil in Saudi Arabia, which do you think they'd choose?
But they don't want to send the wrong signal to the market. They want to continue a loose supply policy, meaning that if there's a crude problem, which there isn't now, they can supply it.
High prices have given all producing countries a lot more leverage.
God gives, but man must open his hand
When issues come to our council, Sharon will be able to measure how the city's action would affect the distribution of wealth in our community, how it will affect the working people and the neighborhood people. We need more of that on the council.
Living never wore one out so much as the effort not to live.