Even worse, all of the countries best equipped to pump more of the stuff are members of the Organisation of the Petroleum Exporting countries (OPEC).

更糟的是，拥有最好设备来抽取石油的国家，大多数都是石油输出国组织(欧佩克)的成员。

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At the same time as demand was shrinking, supply from the Organisation of the Petroleum Exporting Countries has risen in each of the last three months.

需求缩减的同时，石油输出国组织在过去三个月内逐月增加石油供应量。

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Over the past seven years, according to Citibank, Russia accounted for 80% of the growth in oil production outside the Organisation of the Petroleum Exporting Countries.

据花旗银行提供的数字，在过去七年，并非opec成员国的俄罗斯的石油产量增幅达到了80%。

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Venezuela under President Chavez has been a vocal member of the Organisation of Petroleum Exporting Countries (Opec), helping to make sure oil prices stay high.

BBC: High stakes in Venezuela poll as Chavez battles Capriles

Kuwait's acting oil minister has been reported as saying that Opec, the Organisation of Petroleum Exporting Countries, might hold an emergency meeting to discuss boosting output.

BBC: Oil prices slide from two-year high

But the real damage to the world economy was the massive price increase which the Organisation of Petroleum Exporting Countries (OPEC) introduced at the same time.

ECONOMIST: Oiling or spoiling the recovery? | The