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November 28, 2016

38 or 58 - You Choose OPEC (Video)

By EconMatters



In this video we discuss the latest posturing ahead of the OPEC Production Cut Decision, and the associated consequences for the price of oil based upon another failure out of OPEC. Your right Saudi Arabia you don`t have to cut, see you at $38 a barrel!

This is probably the last straw for OPEC credibility going forward. If they fail to get a Deal done after all of this talking and negotiating, then OPEC should just dissolve their little Oil Cartel, because it serves no real purpose and they have members who cannot collectively work together to solve market issues.



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Item Reviewed: 38 or 58 - You Choose OPEC (Video) Rating: 5 Reviewed By: EconMatters