Monday, February 7, 2011

OPEC sued the White House rejected the proposal untouchables.

Global crude oil prices to soar in breaking $ 130 a barrel, when 20 U.S. House of Representatives decision to sue the U.S. government legislation OPEC OPEC, OPEC because they are suspected of trying to control oil prices, the bill by the U.S. Government .veto rejected. .<P> According to U.S. media reports, the White House warned that the motion has the potential to in retaliation for U.S. companies overseas, and led to limited oil supplies and rising prices, even threatening American jobs. .Oil prices have exceeded the current price of 130 U.S. dollars per barrel, oil prices soaring rapidly, in the end is a human speculation, or because the world is rapidly cut production of crude oil? .Sue OPEC may not be solved. .</ P> <P> keep oil prices soared, so that U.S. President George W. Bush and members of Congress on the bar, in April between the Bush denounced Congressional legislation is too slow. .Bush said, "from oil prices, food prices, the mortgage to the tuition, the American people want Congress to think of a way to do something." </ P> <P> Bush finished speaking these words in less than two weeks after the U.S. House of Representatives .including Speaker Nancy Pelosi, to 324 votes to 84 votes overwhelmingly by the U.S. government can sue the OPEC oil price control bill, the result was the Bush administration veto, rejected the bill. .</ P> <P> Not long ago, Bush signed the second half of the U.S. strategic oil reserves to suspend oil bill. .Impact of this decision up to the amount of 1,300 million barrels of crude oil. .And before that, Bush visited the Middle East to urge Saudi Arabia to increase crude oil production, reduce U.S. energy demand pressures. .</ P> <P> However, Bush arrived in Riyadh the same day, Goldman Sachs, the U.S. is expected to increase in international oil prices in the second half, the New York market, oil prices soared to $ 127.82 a barrel, analysts believe that despite the Saudi oil minister is satisfied that .Imi said that Saudi Arabia has decided to increase the million barrels per day crude oil production to meet market demand, but Saudi Arabia plans to increase production of this action is symbolic, on the soaring international oil prices would not achieve a fundamental regulatory role. .</ P>.

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