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OPEC blames rising crude oil prices on US ‘mismanagement’

03/17/2008
The Organization of Petroleum Exporting Countries drew first blood in a spat with US President George W. Bush.After a Mar. 4 meeting with King Abdullah of Jordan in Washington, DC, Bush reprised for reporters his January appeal for more oil from OPEC (OGJ, Jan. 28, 2008, p. 72).“I think it’s a mistake to have your biggest customer’s economy slow down or your biggest customers’ economics slowing down as a result of high energy prices,” Bush said the day before an OPEC meeting.After OPEC met, leaving production targets unchanged, President Chakib Khelil blamed high oil prices on “mismanagement of the US economy.”Khelil, Algeria’s energy minist...
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