Open

Coming up

Don't miss

Replay


LATEST SHOWS

FRANCE IN FOCUS

France: 2014 in review

Read more

#THE 51%

South Africa: Taking a stand against child marriage

Read more

DEBATE

The Future of the Book

Read more

DEBATE

The Future of the Book (part 2)

Read more

REPORTERS

France 24’s best documentaries of 2014

Read more

THE INTERVIEW

'We have to build a new Tunisia', says the president of the Tunisian Parliament

Read more

FACE-OFF

France on alert after attacks: a case of collective hysteria?

Read more

THE INTERVIEW

'Beijing needs to revaluate its policy in the Tibetan areas', says FM of the Tibetan government-in-exile

Read more

INSIDE THE AMERICAS

Uruguay: freed Guantanamo detainees try to adjust to normal life

Read more

Washington against OPEC oil cut decision

Latest update : 2008-09-10

The White House opposes OPEC's plans to cut oil output by half a million barrels a day. We "certainly disagree" spokeswoman Dana Perino said on Wednesday.

Read Business Editor Douglas Herbert's existential take on OPEC's dilemma (apologies to Shakespeare!)

 

 More oil is needed on the market, not less, the White House said on Wednesday, disagreeing with a surprise decision by OPEC to cut production by about half a million barrels a day.

 

"We need more supplies on the market, not less," White House spokesman Scott Stanzel said. "Energy prices are still very high, despite their recent decline."

 

The Organization of the Petroleum Exporting Countries had been expected to keep existing output allocations though some members had voiced concern about a growing surplus of oil on the market as high prices have affected demand.

 

We "certainly disagree" with that decision, said White House spokeswoman Dana Perino who also urged lawmakers in the U.S. Congress to complete legislation aimed at fostering the production of more energy resources.

 

"We'd like to have more supply that we produce here, they have some legislation that's in front of them that would be comprehensive," Perino told reporters. "We are looking for a comprehensive energy package that can help us add more supply to the market and diversify the supply at the same time."

 

The House of Representatives is expected to vote on an energy package this week that would open the coasts of at least four Southeastern states to offshore drilling: Georgia, North Carolina, South Carolina and Virginia.

 

That package is also expected to include funding for conservation and renewable energy and repeal some tax cuts for the oil industry. Similar legislation is expected to be considered in the U.S. Senate.

 

 

Date created : 2008-09-10

COMMENT(S)