So who is the OPEC source that Sky News has on its Rolodex? Maybe President Bush needs to talk to that person, considering his recent failed trips to the Kingdom to get OPEC to increase production:
Meanwhile, the world’s leading producers say oil is too expensive and they plan to increase supplies.
A source at Opec said its 13 members were uncomfortable with the current price of crude, which last week hit a record $135 a barrel.
Based on present supply and demand, he said it should be fetching $60-$70 a barrel.
Saudi Arabia said it would increase production.