OPEC president says very concerned by lower oil price

[Omaha Steve]

http://money.excite.com/ht/nw/bus/20060909/hle_bus-vat000128.html

OPEC president says very concerned by lower oil price

Saturday September 9, 1:42 PM EDT

VIENNA (Reuters) - OPEC President Edmund Daukoru said on Saturday he was very concerned by the fall in oil prices and it presented the exporter group with issues to discuss at its meeting on Monday.

Crude prices have dropped sharply, to around $66, since they hit a record $78.40 a barrel in July.

"We'll have a more interesting agenda to discuss this time," Nigeria's Daukoru told reporters. "The price has dropped $10 within a month and we have been producing above quote for a very long time at a time when the market is softening, so I think we will have some issues to discuss."

FULL story at link above.

[Betty]

1. Don't worry, they'll skyrocket after November

and "lower" is all relative, wasn't oil like $30 a barrel maybe two years ago? And now it's "only" $66???