Guest NewsBot Posted October 24, 2008 Posted October 24, 2008 VIENNA, Austria (AP) -- OPEC said at an emergency meeting Friday that it will slash oil production by 1.5 million barrels to stem the "dramatic collapse" of oil prices, but crude prices plunged 7 percent anyway as financial markets spiraled downward across the globe.... By GEORGE JAHN Read the full story. Quote
wez Posted October 25, 2008 Posted October 25, 2008 VIENNA, Austria (AP) -- OPEC said at an emergency meeting Friday that it will slash oil production by 1.5 million barrels to stem the "dramatic collapse" of oil prices, but crude prices plunged 7 percent anyway as financial markets spiraled downward across the globe.... By GEORGE JAHN Read the full story. Nice to be at the mercy of greedy bastards.. love it. Quote
Old Salt Posted October 26, 2008 Posted October 26, 2008 Got the speculators out of there and back into the stock market, where they belong. Quote
ImWithStupid Posted October 26, 2008 Posted October 26, 2008 Actually this is a bad thing. If supply is dropped, prices continue to fall, and demand continues to go down at a faster rate, that means people still can't afford to buy gas. Hardest hit are the east and west coasts. I'm glad I live in the midwest. My family has plenty of land to grow food and hunt. Quote
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