10 September 2008

OPEC, You, and $100 Oil: What Does It All Mean?

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It would appear the gentlemen running OPEC have decided that $100 oil is a fair price, because as of yesterday, they cut oil production by half a million barrels per day.
According to OPEC (our favorite cartel), the world has an ample supply of oil flowing through our always thirsty combustion …

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