[Muhammad_al_Sahhaf]

"There is no justification for the current rise in prices!"

$this->bbcode_second_pass_quote('', 'E')arlier Monday Iyad Madani, Saudi Arabia's Information and Culture Minister, said the kingdom will call for a summit between oil producing countries and consumer nations to discuss rising energy prices.
"There is no justification for the current rise in prices," he told the Associated Press.

[burtonridr]

Whatever!

Does he understand how supply and demand works?

If I have 10 barrels to sell and I have have a demand in place for 15 barrels. The price will be bid up to the highest bidder(s) until there is only demand for 10 barrels.

demand will always match supply through price competition in a free market.

True some of the hike is emotion, but the fundamental price has increased dramatically with rising demand and leveling supply.

[cowuvula]

Scary to think he does not even understand that.

We are definitely in a bit of a twit.

[Muhammad_al_Sahhaf]

[kpeavey]

Iyad Madani is:

( ) a complete idiot who is out of touch
( ) a government propaganda puppet
( ) a modern rock band
( ) I like pie