lucidone

Crude Reality: Big Oil's Purposely Restricting Supply

Any facts, or is this just another liberal rant. If anything, you are completely wrong, the oil companies and OPEC benefit from lower prices more than highe rprices. Yes, they could charge 100+ for a barrel, but for how long. We are already seeing demand destruction after only a couple months. If they had a grand scheme its obviously failing. Both producer countries and companies want a stable price that allows them to make a nice margin, while maintaining the fundamentals of supply and demand. The last thing OPEC and the oil corporations want is for us to resort to alternative energy.