While oil prices were going through the roof this past summer, the nations of OPEC didn't do a thing but rake in the money. Now that we are finally getting relief and prices dropping fast, they suddenly have decided to do something. And that's to cut production by 1.5 million barrels a day to "stabilize" prices. We know that means they don't think they're making enough money.
I don't know if they buy anything from us, but if they do, those prices should be directly tied to the price of a barrel of oil. It goes up and what they pay goes up the same amount. Likewise if it goes down.
It's only fair.
And then, if we are giving any free aid to those countries, that is a thing of the past.
Gas here in northeast Illinois is $2.70 (269.9). I see that Oklahoma has the cheapest at $2,25. My favorite stopping place on my trips to NC, Wytheville, Virginia, always some of the lowest prices, is at $2.40.
We need to free ourselves from dependence on these guys.
Not a Fan of OPEC. --RoadDog
Another Thomas Chambers Marine Painting-- Part 5:
20 hours ago