Undermined Economy

According to WorldWatch the world recession is far from over, the latest market crude price drop of more than 12% is a clear indicator on how fragile any world crude increase may be.
OPEC and other crude producers including governments should take measures to stabalize crude prices around $63 per barril or the consequence for producers , traders and speculators will be critical.
Governments should also curtail internal crude companies to avoid inflated final consumer prices, if these measures are not adpoted there will be a decrease in crude demand of 8% by the end of the second quarter.
There are several governments working with oil companies that continue to practice inflated consumer prices, such as...
WorldWatch have made a significant economical analysis of the present financial and productive effort by one of Europe’s oldest economies ...Portugal
Its with no surprise that the government lost the elections for the European parliament on the 07-06-2009, in just over two months time three will be general elections and this government will certainly once again loose.
This prime minister has an arrogant and biased attitude but the real cause they will loose is the flagrant abuse of the petrol companies like Galp, BP, Repsol and Cepsa. With crude prices around the $60 per barril the price paid by consumers in Portugal is equivalent to $90 per barril !!!
These companies have undertaken to increase on a weekly basis the final consumer price for petrol for the motorist, sometimes twice a week!!!
This abuse has the approval of the government. The more the companies charge the more Tax the government makes.
Portugal has one of the highest petrol consumer prices in the world, this alone will further undermine the economy as the recession will worsen and demand for petrol will decrease by further7%
Consumer confidence will reach an all time low, “the population now have the opportunity to choose a new government, one that works for the people and not the petrol companies".
It has been suggested by some sectors of the economy that the best way to avoid these corrupt public servants is a total boycott of any election, until this situation is solved and the petrol consumer prices return to acceptable values.
WorldWatch has received information that there is a civil movement entitled " NÃO AO VOTO" that has already support from various regions of Portugal and over ten thousand supporters who have confirmed that their vote is not for sale.
This explains why over 65% of the voters did not vote in the last elections for the European parliament, we interviewed in Lisbon some Portuguese and the
disappointment was the same as expressed by Mr. Santos a public servant " we are tired of the whole Socrates attitude, Galp and others keep increasing the petrol, every week, up, up, up, this must stop now, they all increase at the same time, the same amount, this is outrageous"

If Socrates and company want to remain in power then a positive attitude must be taken regarding the petrol companies Galp, BP, Repsol and Cepsa.

WorldWatch Analyst..Klipriver