Ecuador disenchanted with OPEC policy will work as if the cartel 'did not exist'

Friday, January 22nd 2016 - 07:21 UTC

Full article 4 comments

Ecuador President Rafael Correa said that his government was “tired” of pushing OPEC to decrease output and that the nation would keep working as if the oil cartel “did not exist.” Read full article

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ChrisR
This idiot is capitalising on his idiocy!

Yeah, try cutting production to raise YOUR price of a barrel of oil: no sales, buyers will go elsewhere!

Takes after his old man and he died in a US prison, let's hope he follows suit and somebody with a brain can take over.

That's allowing there IS somebody with a brain in Ecuador.
Jan 22nd, 2016 - 10:44 am - Link - Report abuse 0
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yankeeboy
Fracking has changed the OPEC stranglehold on the world. Never again will they have the ability to demand whatever price they want.

North American is self sufficient in Oil and Gas. We know where it is and how to get it when it is cost worthy.

That's all the difference the world needs.
Jan 22nd, 2016 - 04:41 pm - Link - Report abuse 0
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Conqueror
@1. Somebody might have a thought. What is the position of a state openly engaging in price-fixing and profiteering? Anybody want to propose possible world action?
Jan 22nd, 2016 - 06:11 pm - Link - Report abuse 0
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ilsen
He his still deluded from the Chavez 'snake-oil' so-called solution of ALBA/PetroCaribe...?

Has he not realised that this was just political ploy to buy influence in the region, and that one-day, the numbers wouldn't ring true?

Or is he just a fool?
Jan 22nd, 2016 - 10:54 pm - Link - Report abuse 0
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