Iraq's Oil Minister Says Price of $70 Per Barrel Is Fair

The speaker expresses support but not certainty about market conclusions. They discuss the importance of compliance and the potential negative outcomes if not achieved. The conversation shifts to oil prices, emphasizing the need for fair pricing that doesn't burden consumers. Finally, the speaker highlights the importance of regional peace and stability amidst economic sanctions and threats.

What does the speaker suggest about the proposed 1.2 cut?

• It is irrelevant to the current situation.

• It is a foregone conclusion.

• It may not be sufficient to solve the issue.

• It will definitely solve the problem.

What could have happened to oil prices without the non-OPEC deal?

• Prices would have dropped to $40-45 per barrel.

• Prices would have doubled.

• Prices would have increased significantly.

• Prices would have remained stable.

What does the speaker consider a fair price for oil?

• $30-35 per barrel

• $50-55 per barrel

• $70-75 per barrel

• $90-95 per barrel

Why does the speaker emphasize not having too high oil prices?

• To encourage more production.

• To increase government revenue.

• To reduce environmental impact.

• To avoid burdening consumers.

What is the speaker's view on the current regional threats?

• They are necessary for economic growth.

• They will lead to peace and tranquility.

• They are not the right solution for the area.

• They are the right solution for the area.