OPEC "concerned"
... about the falling price of oil.Apparently, crude oil trading below $60/bbl (currently about $58) gives them the heebie-jeebies. So much so that they are going to cut oil production. Doesn't matter that the price of oil has doubled in the last few years, and that as recently as the late 1990's it was at about $10/bbl.
OPEC is as greedy as ever, and should be vilified with the same vigor that is applied to western oil executives whenever a camera and a liberal are in the same 10 mile radius.
posted by JM @ 6:08 PM
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