China slowdown could see oil at $25 a barrel, bank predicts | Business | guardian.co.uk
we could see gas under $1/gal in the near future.
we could see gas under $1/gal in the near future.
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it wont do any good though. there are only a couple countries that want to cut production to boost prices. when there is market parity, you can't win. so what if they cut production, it wont help the sales. and opec is about to crash. they have too many differences in how to handle production.there's an opec meeting next week to cut production.
they want 100/bl prices
this is why what they predict is often completely uselessthis is the same bank that predicted $200/barrell by christmas back in june.
if opec crashes, we will be walking for a while....
OPEC is a cartel formed for only price fixing. The US is not involved with OPEC and the treaties possessed by the sovereign nations that formed it protect it form antitrust laws.
If OPEC were to break up, each oil producing country would have to compete with one another, and we'd see better prices.
OPEC is a cartel formed for only price fixing. The US is not involved with OPEC and the treaties possessed by the sovereign nations that formed it protect it form antitrust laws.
If OPEC were to break up, each oil producing country would have to compete with one another, and we'd see better prices.
I guess you could call it thatcoincidence.