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  • mooselope69 mooselope69 Jun 7, 2011 8:00 PM Flag

    OT: At some point today, will

    OPEC is getting ready to increase oil production. Gas in my area had spiked back into the high 3.70s low 3.80s in recent days, but over the last couple of fallen back into the 3.60s.

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    • So much for that OPEC production increase (officially at least) Seems that some (more and more?) members don't have spare capacity, so they oppose an increase as it will only reduce their income. CNBC types claim there is unusual discord this time. Of course if high prices lead to recession, we know the price can drop much more that they imagined. Always the battle between "high prices being the cure for high prices" and "peak oil."

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