Algeria says oil will rise to $170 a barrel by year-end

OPEC’s president, Algerian Oil Minister Chakib Khelil “has predicted that the price of oil will climb to $US170 a barrel before the end of the year on a fall in the value of the US dollar and political conflicts.”

“Political conflicts,” of course, refers to the Bush administration’s and Israel’s continued sabre-rattling at Iran, whose nuclear weapons program is most likely a figment of the imagination. Much less a figment, of course, is the United States’ and Israel’s own nuclear stockpiles, but these we are not to regard as a threat.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.