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Chavez: Venezuela concerned about lower oil prices

AP -- CARACAS, Venezuela (AP) -- Venezuelan President Hugo Chavez says his government is concerned some fellow OPEC member countries are violating their quotas by producing too much oil.

Chavez says Venezuelan Oil Minister Rafael Ramirez will bring up those concerns at next week's OPEC meeting in Austria.

Chavez didn't name any countries he thinks are exceeding production quotas. But Saudi Arabia, for one, has been pumping more oil to offset supply losses from Iran.

The price of U.S. benchmark crude ended the week at $84.10 a barrel in New York, near its lowest level since October.

Chavez says OPEC members should maintain what he calls a "fair level" of oil prices. He says that should be about $100 a barrel.

Chavez's socialist government relies heavily on the country's oil earnings to

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Submitted Jun 10, 2012 By: mastermariner

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goldrose1 Champion Author Cleveland Posts:10,941 Points:1,925,580 Joined:Feb 2005	Message Posted: Jun 11, 2012 6:47:27 PM Ignore goldrose1 Report Abuse He hasn't been around long enough to see history. It repeats itself. Greed gets 'em every time.
jrs4125 Champion Author Indiana Posts:2,758 Points:591,745 Joined:Sep 2011	Message Posted: Jun 11, 2012 5:01:55 AM Ignore jrs4125 Report Abuse If oil and gas are your countries #1 export you may have a problem in the future.
DrCashFlow Champion Author Massachusetts Posts:7,064 Points:1,627,125 Joined:Jun 2008	Message Posted: Jun 10, 2012 11:38:01 PM Ignore DrCashFlow Report Abuse he can't die soon enough
caddilac Champion Author Ontario Posts:16,606 Points:2,140,455 Joined:Apr 2007	Message Posted: Jun 10, 2012 2:05:39 PM Ignore caddilac Report Abuse OK
NatureBoyKY Champion Author Kentucky Posts:3,365 Points:1,295,950 Joined:Jan 2008	Message Posted: Jun 10, 2012 1:49:34 PM Ignore NatureBoyKY Report Abuse Chevez "oinked" again, just like the pig he is!
oas Champion Author Maryland Posts:4,230 Points:2,141,415 Joined:Feb 2005	Message Posted: Jun 10, 2012 1:43:53 PM Ignore oas Report Abuse Since when is $100 a fair price. Not too long ago $25 was a fair price. Then $50 ....
Asbury09 Champion Author Iowa Posts:7,213 Points:1,530,305 Joined:Jan 2009	Message Posted: Jun 10, 2012 1:43:48 PM Ignore Asbury09 Report Abuse let the law of supply-demand rule
dynamouse Champion Author Michigan Posts:4,509 Points:1,750,825 Joined:Dec 2006	Message Posted: Jun 10, 2012 1:42:17 PM Ignore dynamouse Report Abuse him and obama can F-off get rid of both
jmdk721 Champion Author Missouri Posts:1,184 Points:574,580 Joined:Jul 2011	Message Posted: Jun 10, 2012 1:41:36 PM Ignore jmdk721 Report Abuse ok
REKEY Champion Author South Carolina Posts:8,579 Points:1,699,415 Joined:May 2008	Message Posted: Jun 10, 2012 1:40:31 PM Ignore REKEY Report Abuse Boo hoo hoo!
slowpoke63 Champion Author Louisiana Posts:2,742 Points:887,365 Joined:Jul 2009	Message Posted: Jun 10, 2012 1:40:19 PM Ignore slowpoke63 Report Abuse I don't believe Chavez knows much about "fair"!
speedys Champion Author Utah Posts:7,017 Points:2,558,885 Joined:Nov 2005	Message Posted: Jun 10, 2012 1:40:07 PM Ignore speedys Report Abuse Let suppy and demand control the prices.
Jeff1944 Champion Author South Dakota Posts:4,234 Points:1,074,620 Joined:Jan 2010	Message Posted: Jun 10, 2012 1:38:02 PM Ignore Jeff1944 Report Abuse Venezuela is NOT our ally either.
ratones1 Champion Author Los Angeles Posts:2,912 Points:731,980 Joined:Mar 2011	Message Posted: Jun 10, 2012 1:37:02 PM Ignore ratones1 Report Abuse hhhhhhhhhhhhum...
bif65 Champion Author Virginia Posts:1,023 Points:195,480 Joined:Jan 2011	Message Posted: Jun 10, 2012 1:36:20 PM Ignore bif65 Report Abuse ok
stopforgas All-Star Author Mississippi Posts:996 Points:481,705 Joined:Jun 2011	Message Posted: Jun 10, 2012 1:32:47 PM Ignore stopforgas Report Abuse I hope it goes to 50 bucks and Venezuela goes broke. Maybe then they'll chop his head off.
snappytom2 Champion Author Corpus Christi Posts:3,551 Points:274,770 Joined:Jul 2008	Message Posted: Jun 10, 2012 1:32:37 PM Ignore snappytom2 Report Abuse Too bad.
rnlunder Champion Author Waco Posts:2,321 Points:496,125 Joined:Apr 2011	Message Posted: Jun 10, 2012 1:32:29 PM Ignore rnlunder Report Abuse Hugo, who cares if the other OPEC countries violate the production quota...when you crawl in bed with snakes you should expect to get bit.
Pramodsharma Champion Author Richmond Posts:1,974 Points:387,390 Joined:Feb 2012	Message Posted: Jun 10, 2012 1:29:15 PM Ignore Pramodsharma Report Abuse Chavez do not worry unnecessarily.
hallows Champion Author St. Louis Posts:4,698 Points:2,804,620 Joined:Jun 2004	Message Posted: Jun 10, 2012 1:26:07 PM Ignore hallows Report Abuse I agree, nigelb!
rcohan2 Champion Author South Carolina Posts:1,887 Points:1,257,340 Joined:Oct 2008	Message Posted: Jun 10, 2012 1:23:41 PM Ignore rcohan2 Report Abuse ok.
Lizzylou Champion Author Stockton Posts:8,818 Points:2,357,285 Joined:Oct 2005	Message Posted: Jun 10, 2012 1:23:00 PM Ignore Lizzylou Report Abuse POOR HUGO!! SMH!!!
mackconsult Champion Author Portland Posts:5,309 Points:864,355 Joined:Jan 2009	Message Posted: Jun 10, 2012 1:21:55 PM Ignore mackconsult Report Abuse Why would that be
Jeffro61 Champion Author Cleveland Posts:2,272 Points:2,285,870 Joined:Oct 2005	Message Posted: Jun 10, 2012 1:21:11 PM Ignore Jeffro61 Report Abuse Just fuel for speculators.
nigelb Champion Author Virginia Posts:8,460 Points:1,391,755 Joined:Feb 2008	Message Posted: Jun 10, 2012 1:18:01 PM Ignore nigelb Report Abuse Another reason to develop viable alternative energy now. OPEC is a cartel that controls 40% of the worlds oil production. They have a big influence on what we pay at the pump.
muquee Champion Author Harrisburg Posts:2,431 Points:522,345 Joined:Nov 2011	Message Posted: Jun 10, 2012 1:16:27 PM Ignore muquee Report Abuse Concerned about the profit %.
nztyraider Champion Author Nevada Posts:2,273 Points:694,075 Joined:Apr 2009	Message Posted: Jun 10, 2012 1:15:30 PM Ignore nztyraider Report Abuse Ah poor Billionaires my heart breaks for them.
humblepie Champion Author Toledo Posts:34,231 Points:2,372,120 Joined:Mar 2006	Message Posted: Jun 10, 2012 1:14:01 PM Ignore humblepie Report Abuse being socialist cost big money, just ask obama............... [Edited by: humblepie at 6/10/2012 4:15:38 PM EST]
The_DR Champion Author New Jersey Posts:2,785 Points:585,815 Joined:Aug 2011	Message Posted: Jun 10, 2012 1:13:41 PM Ignore The_DR Report Abuse ok
BeatOPEC All-Star Author Indianapolis Posts:857 Points:197,030 Joined:Apr 2011	Message Posted: Jun 10, 2012 1:13:41 PM Ignore BeatOPEC Report Abuse Chavez is an enemy of the United States even though our president likes to call him friend. Cancer can't take it's toll quick enough for the good all our country.
ratboy1968 Champion Author Montreal Posts:2,617 Points:549,025 Joined:Oct 2011	Message Posted: Jun 10, 2012 1:13:23 PM Ignore ratboy1968 Report Abuse ok
esquared Champion Author Oklahoma City Posts:8,067 Points:1,970,110 Joined:Jan 2006	Message Posted: Jun 10, 2012 1:12:23 PM Ignore esquared Report Abuse Bully!
SandeeC Champion Author Ontario Posts:2,993 Points:460,705 Joined:Apr 2011	Message Posted: Jun 10, 2012 1:12:07 PM Ignore SandeeC Report Abuse Not surprising that Chavez is concerned - he's hand-in-hand-in-pocket with Iran. So of course he wants to keep the prices up.
THX138 Champion Author San Francisco Posts:2,560 Points:1,014,905 Joined:Apr 2010	Message Posted: Jun 10, 2012 1:11:20 PM Ignore THX138 Report Abuse Tough frijoles!
srchr Champion Author San Jose Posts:7,254 Points:1,620,050 Joined:Apr 2008	Message Posted: Jun 10, 2012 1:09:02 PM Ignore srchr Report Abuse whatever the market will bear, not what some dictator thinks
nimpy Champion Author Indianapolis Posts:8,140 Points:1,702,080 Joined:Oct 2007	Message Posted: Jun 10, 2012 1:09:01 PM Ignore nimpy Report Abuse He is a greedy individual.
vcsuksu21 Champion Author Oklahoma City Posts:2,473 Points:707,005 Joined:Dec 2010	Message Posted: Jun 10, 2012 1:07:25 PM Ignore vcsuksu21 Report Abuse so I guess they will do something to raise the price
roundtrip100 Champion Author Fort Wayne Posts:2,003 Points:395,975 Joined:Apr 2012	Message Posted: Jun 10, 2012 1:06:23 PM Ignore roundtrip100 Report Abuse so what
GLM4205 Champion Author Toledo Posts:4,057 Points:800,295 Joined:Dec 2010	Message Posted: Jun 10, 2012 1:05:26 PM Ignore GLM4205 Report Abuse Poor baby he'll have to save some of his money.
F81M Champion Author Indiana Posts:1,499 Points:787,135 Joined:Aug 2008	Message Posted: Jun 10, 2012 1:04:50 PM Ignore F81M Report Abuse Who cares about what Chavez thinks or wants.
jimpeel Veteran Author Colorado Posts:462 Points:107,415 Joined:Mar 2005	Message Posted: Jun 10, 2012 1:04:49 PM Ignore jimpeel Report Abuse Awwww. Poor widdow Hugo. Are your fweinds not pwaying nice?
fenster66 Champion Author Pittsburgh Posts:3,350 Points:674,090 Joined:May 2011	Message Posted: Jun 10, 2012 1:04:34 PM Ignore fenster66 Report Abuse we love it....
tsa3333 Rookie Author Michigan Posts:30 Points:110,700 Joined:Apr 2012	Message Posted: Jun 10, 2012 1:02:22 PM Ignore tsa3333 Report Abuse uhuh
frugalking Champion Author Twin Cities Posts:1,067 Points:218,445 Joined:Mar 2010	Message Posted: Jun 10, 2012 1:02:07 PM Ignore frugalking Report Abuse Duh!!! Of course Chavez is troubled that the OPEC limits are being broken by the Saudis and thus hurting his pal, President I-Am-Nut-Job of Iran pocket book.
luwachris Champion Author Los Angeles Posts:1,082 Points:224,370 Joined:Jul 2011	Message Posted: Jun 10, 2012 12:59:00 PM Ignore luwachris Report Abuse ????????????
Spirits All-Star Author Florida Posts:911 Points:372,800 Joined:May 2008	Message Posted: Jun 10, 2012 12:57:42 PM Ignore Spirits Report Abuse Too bad.
TXryder Champion Author Texas Posts:2,710 Points:432,730 Joined:Jan 2012	Message Posted: Jun 10, 2012 12:57:40 PM Ignore TXryder Report Abuse Naw satrn38mpg,,, we need much more imported refined fuel in the country to undercut the domestic Big Oil crooks that has been gouging us. We are forced to buy cheap imported Communist China garbage in every store, so we should be allowed to buy cheap imported gasoline also. Lag Bolt the domestic oil pirates.
nemoFL Champion Author Florida Posts:8,801 Points:1,610,275 Joined:Oct 2008	Message Posted: Jun 10, 2012 12:57:13 PM Ignore nemoFL Report Abuse hurt his wallet
V8power Champion Author Pennsylvania Posts:2,816 Points:1,379,995 Joined:Oct 2005	Message Posted: Jun 10, 2012 12:57:08 PM Ignore V8power Report Abuse One of AP's best friends. Who cares otherwise.
gavinON All-Star Author Toronto Posts:562 Points:112,935 Joined:Mar 2012	Message Posted: Jun 10, 2012 12:56:18 PM Ignore gavinON Report Abuse hmmm