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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:3,167 Points:578,410 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:4,684 Points:812,395 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:4,813 Points:1,767,635 Joined:Mar 2004	Message Posted: Oct 31, 2009 9:33:21 PM Ignore Mr.Dirt Report Abuse hope they fall apart
MacDad614 Veteran Author Atlanta Posts:444 Points:378,490 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:4,060 Points:669,330 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:2,656 Points:1,239,360 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:2,877 Points:629,590 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:3,763 Points:842,485 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:2,192 Points:686,170 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:3,512 Points:624,655 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:4,628 Points:1,347,165 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:3,455 Points:1,033,535 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:1,174 Points:1,476,730 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:2,935 Points:681,375 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:4,106 Points:989,735 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:4,710 Points:1,016,735 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:2,763 Points:687,515 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:2,517 Points:1,009,010 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:7,297 Points:1,779,385 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:668,985 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:4,347 Points:1,466,290 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:3,740 Points:782,120 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:1,532 Points:576,680 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:1,285 Points:237,520 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:1,375 Points:480,540 Joined:Oct 2008	Message Posted: Oct 31, 2009 2:57:43 PM Ignore miamimusic Report Abuse Greedy
BrucePen Champion Author Ontario Posts:2,613 Points:559,120 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:3,295 Points:501,900 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:3,793 Points:1,114,375 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:2,242 Points:1,143,935 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:3,551 Points:1,014,895 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:3,160 Points:793,720 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:3,329 Points:726,490 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:3,623 Points:873,010 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:305,175 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:870 Points:878,435 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:3,919 Points:941,540 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:3,161 Points:639,365 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:8,005 Points:1,572,555 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:13,886 Points:2,204,520 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:514,410 Joined:Oct 2008	Message Posted: Oct 31, 2009 2:07:06 PM Ignore zaq001 Report Abuse Chavez is worried.
NavyStore Champion Author Seattle Posts:2,531 Points:1,150,510 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:2,323 Points:485,895 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:2,038 Points:590,710 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:4,964 Points:1,023,915 Joined:Jul 2007	Message Posted: Oct 31, 2009 1:57:59 PM Ignore NavyEOD Report Abuse No comment.