Quote:
Originally Posted by Downthestretch55
Ez,
Click on the "marketwatch" link in my previous post.
|
Yes, I saw the link. It pretty much states that OPEC has not curbed production, even with the price dropping (constant production with lower demand..equals decrease in price). So, all OPEC nations continue to produced at their allotted rates. If the price continues to drop, then you might see OPEC move to limit production..to hold the price to what they feel is fair (what they want).. Remember this is the group OPEC..not one individual member. It's been like this since the 70's..
Ez