Iran FM calls oil price 'unjust': report

[Freddie Stubbs]

Source: AFP

ABU DHABI (AFP) — Iranian Foreign Minister Manouchehr Mottaki called the current price of oil both unrealistic and unjust on Tuesday, the official Iranian news agency IRNA reported.

Mottaki, on a visit to the United Arab Emirates, "said the prices are 'unreal and unjust' and the oil-producing countries should take initiatives beyond the traditional norms of OPEC," IRNA said.

Iran, the cartel's second-largest oil producer after kingpin member Saudi Arabia, pumps approximately four million barrels of oil per day.

OPEC's 12 member states have seen their oil revenues slashed as crude prices slumped from record levels of 147 dollars a barrel last July to below 50 dollars in line with a sharp global economic downturn.

Read more: http://www.google.com/hostednews/afp/article/ALeqM5hXqdtW950ROll9TGgiCpEJutjqkg

[Idealism]

1. Good thing the Saudi's run OPEC and not the Iranians.

And also a good thing that the Sunni Saudi's dislike the Shia Iranians, and have told them in no uncertain terms in the past to literally "go fuck yourselves."

[Hoopla Phil]

2. LOL. Well said

[Psephos]

8. Might be a small adjustment in that after Iran builds a nuke. n/t

[Idealism]

9. It ain't happening. n/t

[Doctor Cynic]

3. So did they say the price of oil was unjust last July when it was $140?

[tomm2thumbs]

4. good point - i hope they saved their massive profits for lean times

[Deja Q]

5. LEAVE BRITNEY ALONE!!!!!!!!!!!!!!!!!!!!!!!

:nopity:

[groundloop]

6. I feel so very very bad for them

:mad: NOT.

Somebody ought to explain to them about supply and demand. I can't wait until we're all driving electric vehicles, wich are charged from the solar and wind powered grid, and the price of oil is $5 per barrel.

[Lost in CT]

7. Heh Heh eat dirt loser.... maybe if you spent more time developing a real economy

and less time blaming America and Israel you wouldn't need oil to be higher...

(Next up Chavez with similar complaint)

On Edit and yes I'm doing a Beavis and Butthead style commentary.

[DCKit]

10. So, stop pumping until the price rises to a level you can live with.

And all those people rioting in the streets? They're imaginary. Just ask Phil Gramm.

[KillCapitalism]

11. They can eat shit.

Oil prices are about where they should be, but they've been steadily rising in the past few weeks. $4 gas again this summer would totally decimate our weakened economy.