Tuesday, January 27, 2015

World Price of Oil -Where is OPEC Now?

S. Fred Singer / American Thinker The world price of crude oil, which has been around 100 dollars a barrel for the past 6 years, has suddenly collapsed and is now tending below 50 dollars. Many are trying to understand this rapid decrease and have proposed various explanations. Of course, the ready explanation is simply in terms of supply and demand; but this just begs the question.



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