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Venezuela Wants OPEC to Maintain Output in December

Bloomberg -- Venezuela wants the Organization of Petroleum Exporting Countries to maintain production when the group meets in December, Oil Minister Rafael Ramirez said.

“For this meeting, Venezuela prefers to be cautious,” Ramirez said today in an interview in El Tigre, Venezuela. “The level of OPEC production has to be maintained.”

OPEC member nations will meet in December in Angola to discuss output quotas. They agreed last December to cut output by a record 4.2 million barrels a day after oil prices sank 70 percent from a record $147.27 a barrel in July 2008.

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Submitted Oct 31, 2009 By: ziyulu

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Jarol Champion Author Iowa Posts:3,336 Points:611,085 Joined:Nov 2007	Message Posted: Nov 1, 2009 7:17:45 AM Ignore Jarol Report Abuse Venezuela is in trouble and so are we. Poor leadership and poor management is a very bad mixture no matter how good the PR is.
OKRifle Champion Author Oklahoma City Posts:4,850 Points:844,095 Joined:Oct 2007	Message Posted: Oct 31, 2009 9:42:54 PM Ignore OKRifle Report Abuse Sure! Obama's idol buddy, Chavez wants to screw the USA! And the rookie in the USA's WHITE House, wants to help him!
Mr.Dirt Champion Author Albany Posts:4,970 Points:1,781,955 Joined:Mar 2004	Message Posted: Oct 31, 2009 9:33:21 PM Ignore Mr.Dirt Report Abuse hope they fall apart
MacDad614 All-Star Author Atlanta Posts:506 Points:403,610 Joined:Aug 2008	Message Posted: Oct 31, 2009 7:03:58 PM Ignore MacDad614 Report Abuse Chavez - 'sniff-sniff' - wants more money from the country whose former president he accused of being - like HIMSELF! He believes he can put the squeeze on the US.
carlsonguitars Champion Author Portland Posts:4,205 Points:696,095 Joined:Jan 2008	Message Posted: Oct 31, 2009 5:51:57 PM Ignore carlsonguitars Report Abuse hahahahaha, Venezuela is part of OPEC... Who cares about OPEC anyways?!? Nothing but a bunch criminals who run a racket - one of the biggest rackets in the world, obviously!!!!
Kato51 Champion Author Atlanta Posts:2,819 Points:1,271,995 Joined:Jul 2005	Message Posted: Oct 31, 2009 5:29:04 PM Ignore Kato51 Report Abuse Would seem there is no need for an OUTPUT quota but to fulfill the requirements of the users.
phurburger Champion Author Atlanta Posts:2,555 Points:530,670 Joined:Oct 2005	Message Posted: Oct 31, 2009 5:03:08 PM Ignore phurburger Report Abuse Yeah, like Chavez is going to tell the Arabs what to do!
FordF2502001 Champion Author Mississippi Posts:3,046 Points:662,175 Joined:Sep 2008	Message Posted: Oct 31, 2009 4:48:40 PM Ignore FordF2502001 Report Abuse OPEC not selling all they producing now, then add in all the starving cheaters!
WIPACKERFAN Champion Author Chicago Posts:3,922 Points:874,815 Joined:Aug 2005	Message Posted: Oct 31, 2009 4:44:58 PM Ignore WIPACKERFAN Report Abuse Ltdc, you've got a point. This is not a tight knit group. They will do what they see fits their needs. Forget the cartel.
Ltdc Champion Author Long Island Posts:2,357 Points:718,845 Joined:Jul 2007	Message Posted: Oct 31, 2009 4:42:36 PM Ignore Ltdc Report Abuse Does it make a difference on what they state publicly? Half of them cheat on production anyway.
danny999 Champion Author Florida Posts:3,671 Points:656,910 Joined:Oct 2008	Message Posted: Oct 31, 2009 4:41:11 PM Ignore danny999 Report Abuse SURE....HE WANTS TO MAKE SURE HE CAN MAINTAIN HIS LIFE STYLE.HE'S HELPING IRAN WITH THEIR NUKE STUFF.
djgunrunner Champion Author Salt Lake City Posts:4,794 Points:1,379,690 Joined:Apr 2005	Message Posted: Oct 31, 2009 4:36:55 PM Ignore djgunrunner Report Abuse Now we will see the gluttons of greed strike once again.
zeddieiv Champion Author Columbia Posts:3,561 Points:1,062,830 Joined:Oct 2006	Message Posted: Oct 31, 2009 4:36:18 PM Ignore zeddieiv Report Abuse Hey Hugo! It's nice to want.
Brewernut All-Star Author Milwaukee Posts:854 Points:320,330 Joined:Oct 2008	Message Posted: Oct 31, 2009 4:33:24 PM Ignore Brewernut Report Abuse the problem is no one will listen to them
garman87 Champion Author Austin Posts:1,270 Points:1,507,050 Joined:Aug 2005	Message Posted: Oct 31, 2009 4:32:25 PM Ignore garman87 Report Abuse Nobody cares what Venezuela wants; including OPEC.
hibsaw Champion Author Mississippi Posts:3,103 Points:714,050 Joined:Feb 2008	Message Posted: Oct 31, 2009 4:30:18 PM Ignore hibsaw Report Abuse I don't think Venezuela has that much pull with other OPEC members.
mplato Champion Author Columbia Posts:4,226 Points:1,013,635 Joined:Jun 2004	Message Posted: Oct 31, 2009 4:28:16 PM Ignore mplato Report Abuse who really cares what the psycho wants
SBlouch Champion Author San Antonio Posts:4,869 Points:1,047,260 Joined:Apr 2007	Message Posted: Oct 31, 2009 4:22:02 PM Ignore SBlouch Report Abuse And how much power does Venezuela have with OPEC, hardly any? So they think OPEC will want what Venezuela wants. OPEC must be laughing so hard over the request.
MahopacJack Champion Author New York Posts:3,031 Points:716,500 Joined:Feb 2008	Message Posted: Oct 31, 2009 4:16:13 PM Ignore MahopacJack Report Abuse Looking at the twelve members of OPEC, it appears only two have used the proceeds to better the lives of it's citizens.
Dennisjk Champion Author Detroit Posts:2,599 Points:1,033,590 Joined:Apr 2006	Message Posted: Oct 31, 2009 4:15:44 PM Ignore Dennisjk Report Abuse We don't use their oil but if they cut, then the places we get oil from will have a higher demand meaning higher prices.
Cruiser340 Champion Author Grand Rapids Posts:7,501 Points:1,812,060 Joined:May 2004	Message Posted: Oct 31, 2009 4:13:36 PM Ignore Cruiser340 Report Abuse because they want the money.
dkinsf Champion Author San Jose Posts:2,367 Points:669,085 Joined:Mar 2007	Message Posted: Oct 31, 2009 3:50:40 PM Ignore dkinsf Report Abuse So Venezuela's government hate the free world, but wants our hard currency. Talk about a love hate relationship.
cagustin Rookie Author Fresno Posts:99 Points:34,880 Joined:Oct 2009	Message Posted: Oct 31, 2009 3:46:31 PM Ignore cagustin Report Abuse Well said, Papagreg. Chavez wants to stick it to the US. We can retaliate by consuming less oil. Let's get those solar and wind farms up and running ASAP. More jobs here in the States and less dependent on OPEC...
Lizzylou Champion Author Stockton Posts:4,509 Points:1,498,905 Joined:Oct 2005	Message Posted: Oct 31, 2009 3:17:35 PM Ignore Lizzylou Report Abuse WHAT A TEAM: OPEC AND VENEZUELA!!
Wolfwings Champion Author Delaware Posts:3,901 Points:813,580 Joined:May 2004	Message Posted: Oct 31, 2009 3:16:35 PM Ignore Wolfwings Report Abuse Since when does a South American company have anything to say about running a Middle Eastern company?Ny the way, I want fuel prices to drop significantly, but I don't expect THEM to listen to ONLY ONE consumer.
BEngr Champion Author Illinois Posts:1,681 Points:608,160 Joined:May 2008	Message Posted: Oct 31, 2009 3:12:02 PM Ignore BEngr Report Abuse Kuwait seems to have forgotten that if it wasn't for the United States their oil would still be under the control of Iraq. I remember hearing that is why the U.S. invaded Iraq, for their oil. That wasn't true, but if it was we would now have control of oil in 2 of the 12 OPEC countries and no environmental groups to stop us from drilling there.
papagreg Champion Author Sacramento Posts:1,527 Points:512,700 Joined:Jan 2008	Message Posted: Oct 31, 2009 3:09:01 PM Ignore papagreg Report Abuse djoumy, are you really that not informed? Chavez, Venezuela's president, HATES THE USA. Why would he want to do anything to help us, fool? He's just trying to get the world to help pay for his spread of socialism.
djoumy All-Star Author New York Posts:872 Points:385,950 Joined:Sep 2008	Message Posted: Oct 31, 2009 3:02:32 PM Ignore djoumy Report Abuse venezuela sould do better than that.because we need better price.
jcVA Champion Author Virginia Beach Posts:1,291 Points:238,990 Joined:Aug 2008	Message Posted: Oct 31, 2009 2:58:39 PM Ignore jcVA Report Abuse i have a few choice words
miamimusic Champion Author Miami Posts:1,477 Points:507,080 Joined:Oct 2008	Message Posted: Oct 31, 2009 2:57:43 PM Ignore miamimusic Report Abuse Greedy
BrucePen Champion Author Ontario Posts:2,773 Points:590,820 Joined:Sep 2008	Message Posted: Oct 31, 2009 2:53:13 PM Ignore BrucePen Report Abuse This is a meeting to fix the price of oil. A ,eeting of theives.
nigelb Champion Author Virginia Posts:3,473 Points:524,825 Joined:Feb 2008	Message Posted: Oct 31, 2009 2:51:03 PM Ignore nigelb Report Abuse Since we do not have enough proven oil reserves to meet future needs, we must develop viable alternative energy and rid ourselves of OPEC.
esquared Champion Author Oklahoma City Posts:3,922 Points:1,140,955 Joined:Jan 2006	Message Posted: Oct 31, 2009 2:45:51 PM Ignore esquared Report Abuse Whatever Hugo wants, Hugo gets?
RAC110 Champion Author Massachusetts Posts:2,343 Points:1,161,685 Joined:Mar 2003	Message Posted: Oct 31, 2009 2:44:06 PM Ignore RAC110 Report Abuse let us do the drilling for oil we need
mfeldstein Champion Author Ottawa Posts:3,712 Points:1,047,465 Joined:Feb 2007	Message Posted: Oct 31, 2009 2:40:47 PM Ignore mfeldstein Report Abuse A good business move?
Blackice Champion Author Twin Cities Posts:3,189 Points:805,325 Joined:Oct 2003	Message Posted: Oct 31, 2009 2:33:45 PM Ignore Blackice Report Abuse jpd683...If McCane was president we would be drilling, but we ended up with the other guy.
skippypa Champion Author Hawaii Posts:3,494 Points:759,165 Joined:Jun 2008	Message Posted: Oct 31, 2009 2:32:37 PM Ignore skippypa Report Abuse This is the problem with the US. Too many enviromentalist stopping the drilling. It's time we take a chance and deal with any problems that may arise. We always have. So start drilling.
Patch44 Champion Author Buffalo Posts:3,753 Points:898,860 Joined:Oct 2007	Message Posted: Oct 31, 2009 2:31:09 PM Ignore Patch44 Report Abuse I wish we didn't have to use any OPEC oil the way things are and no drilling here....it looks like it's a lost cause.
dougrusty All-Star Author Illinois Posts:711 Points:313,275 Joined:Mar 2008	Message Posted: Oct 31, 2009 2:30:58 PM Ignore dougrusty Report Abuse Chavez is worried.
jpd683 All-Star Author Scranton Posts:977 Points:908,970 Joined:Jul 2005	Message Posted: Oct 31, 2009 2:17:31 PM Ignore jpd683 Report Abuse The hell with Venezuela. The other day I received an e-mail. It stated that we have more oil under our own soil , in Montana , and south dakota. It stated that in 2005 George Bush signed a bill that drilling would start no later than 3 years. To date nothing has been done. I checked a web site and they verified the story.
sjl08203 Champion Author New Jersey Posts:4,064 Points:970,315 Joined:Aug 2005	Message Posted: Oct 31, 2009 2:17:18 PM Ignore sjl08203 Report Abuse Finally I agree with Chavez
Badmoon Champion Author Massachusetts Posts:3,326 Points:672,040 Joined:Oct 2008	Message Posted: Oct 31, 2009 2:17:01 PM Ignore Badmoon Report Abuse They should get thrown out of OPEC.
Zygnatz Champion Author British Columbia Posts:8,160 Points:1,603,280 Joined:Oct 2005	Message Posted: Oct 31, 2009 2:16:10 PM Ignore Zygnatz Report Abuse Venezuela doesn't care about anyone but themselves.
zornave Champion Author Louisville Posts:13,887 Points:2,204,540 Joined:Jul 2001	Message Posted: Oct 31, 2009 2:08:18 PM Ignore zornave Report Abuse Screw Venezuela.
zaq001 Sophomore Author Atlanta Posts:160 Points:541,410 Joined:Oct 2008	Message Posted: Oct 31, 2009 2:07:06 PM Ignore zaq001 Report Abuse Chavez is worried.
NavyStore Champion Author Seattle Posts:2,681 Points:1,182,700 Joined:Aug 2005	Message Posted: Oct 31, 2009 2:06:25 PM Ignore NavyStore Report Abuse Can we please get off Fossil Fuels? I'm tired of buying the natural resources of other countries.
vegaland Champion Author Houston Posts:2,403 Points:501,795 Joined:May 2006	Message Posted: Oct 31, 2009 2:04:08 PM Ignore vegaland Report Abuse OPEC already has the oil price they said they wanted, there is no need to cut production.
e3p0 Champion Author Columbus Posts:2,179 Points:583,090 Joined:Mar 2006	Message Posted: Oct 31, 2009 2:03:10 PM Ignore e3p0 Report Abuse I think they should increase production to give this economy a break and if they do not, we let Iran invade their country.
jjjleblanc Champion Author Rochester Posts:2,188 Points:620,740 Joined:Jun 2008	Message Posted: Oct 31, 2009 1:59:22 PM Ignore jjjleblanc Report Abuse They end up serving their own best interest.
NavyEOD Champion Author Los Angeles Posts:5,129 Points:1,056,590 Joined:Jul 2007	Message Posted: Oct 31, 2009 1:57:59 PM Ignore NavyEOD Report Abuse No comment.