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<blockquote data-quote="The Other Side" data-source="post: 969091" data-attributes="member: 17969">First of all, the quote is MINE.&nbsp; I did not source the quote to anyone but myself.&nbsp; I made a statement myself after reading this:The article I listed was talking about the increase in production in order to BRING DOWN the price of oil that the ministers blame squarely on SPECULATORS.&nbsp; From THAT article the ministers say this:I am free to express my positions in a quote in order to make a point, and that point has been made.&nbsp; There are two markets to blame for the high prices, first the BRENT CRUDE index and the NYMEX.Both are run by speculators who run up the price of oil on &quot;guesses&quot;, not science.The NYMEX (american) is largely responsible for the largest increase in oil prices per barrel.&nbsp; NYMEX is the index that the OPEC nations have a problem with.&nbsp; They have said since January, that the NYMEX speculators are running the price of oil WAY TOO HIGH and that the OPEC nations are comfortable with 70/75 a barrel ranges.If you read what I have now posted as references, you should be able to see why I quoted like I did.As for the billion instead of million, how many times do I have to say this, I CANT EDIT MY POSTS.&nbsp; So when I make a typo, it sticks. I cant go back and change it.PeaceTOS</blockquote>

[QUOTE="The Other Side, post: 969091, member: 17969"] First of all, the quote is MINE. I did not source the quote to anyone but myself. I made a statement myself after reading this: The article I listed was talking about the increase in production in order to BRING DOWN the price of oil that the ministers blame squarely on SPECULATORS. From THAT article the ministers say this: I am free to express my positions in a quote in order to make a point, and that point has been made. There are two markets to blame for the high prices, first the BRENT CRUDE index and the NYMEX. Both are run by speculators who run up the price of oil on "guesses", not science. The NYMEX (american) is largely responsible for the largest increase in oil prices per barrel. NYMEX is the index that the OPEC nations have a problem with. They have said since January, that the NYMEX speculators are running the price of oil WAY TOO HIGH and that the OPEC nations are comfortable with 70/75 a barrel ranges. If you read what I have now posted as references, you should be able to see why I quoted like I did. As for the billion instead of million, how many times do I have to say this, I CANT EDIT MY POSTS. So when I make a typo, it sticks. I cant go back and change it. Peace TOS [/QUOTE]

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