Oil Producers Settle for $50 Crude This Year .

"Consumers can’t cope with higher prices."

Oil producing nations and companies may settle for $50 crude in coming months half of last year’s average -- as a necessary price to pay for helping the world economy get back on track.
The economy today cannot support an oil price above $50, this is the worst economic crisis ever and a drop in demand will continue, $50 oil is “pragmatic” given the state of the economy... so far the revise down in oil prices have already provided a $2 trillion stimulus for the global economy. The decrease in demand projected for this year is the steepest decline since the 1970s..
New York oil futures have slumped 61 percent from their July record of $147.27 a barrel, as the global recession saps demand for fuel...
World oil demand this year will average 84.4 million barrels a day ...
However there is one Nation were the crude crises has always existed for the motorist...PORTUGAL... here you will find one of the highest
final consumer prices in the world, in one week consumer prices have gone up tree times...
This attitude is a cartel manipulated movement, forbidden by ECC but since this corruption scheme involves both oil companies and government ,Brussels remains eyes closed., this has made and will continue to make the economy uncontrollable as is already the case in some sectors...

Both the government and oil companies GALP,BP,REPSOL,CEPSA have tried to manipulate public opinion in their favour...
This arrogant attitude by the oil companies (GALP,BP,REPSOL,CEPSA) and government will not be forgotten as Portugal will shortly enter a period of elections for a new government, the population will certainly have the opportunity to elect a new government that will work for the people and not for the oil industry..