Friday, October 14, 2005

OPEC denies increase in production

"Our attention has been drawn to some newswire reports quoting from an interview to be published in the German magazine Der Spiegel, that OPEC plans to announce an increase of its Member Countries crude oil production by just under 2 million barrels per day at the next Conference, scheduled for September 19-20, attributing the statement to the Acting Secretary General, Dr Adnan Shihab-Eldin.

We wish to state that the above statement is incorrect and does not reflect what Dr Shihab-Eldin told the Der Spiegel. "

I'm surprised I didn't see this earlier... It was published on 9/11/05.

Read the rest of it, straight from OPEC.

What's more, the false news of increases in production have fueled the fire of many Peak Oil debunking theories... An article from Infowars (beware, this article is wrought with lies and half-truths) cites another article from the BBC stating that OPEC is increasing production and goes on to say that shortages are a myth propagated by the oil industry to prop up prices. I suppose the author thought a BBC article was a more authoritative source on OPEC's production than OPEC itself...


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