Quote:
Originally Posted by kane
Not a bad idea. OPEC just met and agreed to cut production by about 2 million barrels a day. That will drive the price of oil back up some. The last thing we need is speculators driving the price back up even higher. The economy is in enough trouble. You kick gas back up to $4-$5 a gallon and things will get even uglier.
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The day of the announcement oil still went down, and most analysts were saying they don't believe OPEC will actually cut production, so I have my doubts as to whether that drives the price up at all...