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  • Expect OPEC to Cut Production [View article]
    Agree with author. We will see a 2 million bbl cut on the 17th. More importantly OPEC leaders will "read the riot act" to its members. They will underscore the imperative not to cheat on quotas. I think everybody from Iran to Venezuela now knows that quota cheating simply results in lower oil prices. They have now figured out that they have to accept temporary pain now (lower oil revenues) in order to support prices. Let' s see if they actually follow through. Should be interesting.
    Dec 07 12:13 pm |Rating: 0 0
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