OPEC Cuts Production!
It seems that OPEC to trying to make us pay through the roof again. And they’re doing this by cutting oil production by 2.2 million barrels a day. By doing so will make the supply go down and demand go up, which in turn the price of oil goes up. And that means you and I pay more at the pumps. But their plan failed today because the price of oil went down by 8 percent. This just comes to show how bad of a recession we’re in as well as how much fuel demand has dropped. I read that forecasters think our fuel demand could decline in energy use since 1983. I think the decline is mostly due to people being fed up with oil companies and are finding other ways to get around. I also think part of this recession is in part of the higher gas prices we where paying a few months ago. No one could afford to travel or do anything else, therefor everything fell apart. The only ones that got rich off those high gas prices are the same ones crying now. They want to bring the oil per barrel back to $100. If this happens again we’ll be right back in the same boat again.
