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And, yes, I DO take it personally: Oil, money and obscenity
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Thursday, March 06, 2008

Oil, money and obscenity

OPEC Says Members Won't Pump More Oil
As Crude Price Sets Record, Cartel's Intent Is Questioned

Though OPEC's production decision was widely expected, Naimi's comments and the wording of the group's communique added to concern that OPEC is more worried about pumping too much oil for weakening economies than it is about the possible harm that high oil prices might do to those economies.

In its statement after the meeting in Vienna, OPEC pointed to "the economic slowdown in the U.S.A., which, together with the deepening credit crisis in financial markets, is increasing the downside risks for world economic growth and, consequently, demand for crude oil."

yeah, they're worried about declining revenue... gosh, i would be too if it meant i'd have to forego goodies like this...

Make and Model: Bugatti Veyron
Owner: Sheikh Mohammad's Son, Sheikh Rashid Bin Mohammed Al Maktoum
Cost: $GBP5M/$USD10M
Location, Dubai, UAE
Engine: V16 engine, 1000bhp, 10 radiators
Top speed: 407km/hr

taking obscenity to undreamed-of heights...

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