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Oil Giants (OPEC) cut oil production to keep fuel prices high |
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Written by Karl
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Sunday, 14 September 2008 10:39 |
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 UK Motorists have been warned to expect crippling prices to continue at the pumps after the oil cartel OPEC cut production of crude to keep prices above $100 a barrel. According to the AA, the Arab-dominated OPEC was 'holding the world to ransom' and making citizens of the Britain and other Western nations pay the their price of their 'pure greed'.
The AA also accused oil companies of 'profiteering' by failing to pass on the benefits of earlier falling oil prices which ended on Wednesday as OPEC tightened the supply tap and also claim that UK motorists are missing out on cuts of between 2p and 4p a litre, says the AA. The AA urged Prime Minister Gordon Brown to take concerted political and economic action with other Western leaders to persuade OPEC that such action is unacceptable - and ultimately not in their own interest.
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