Quote:
Originally Posted by RICH1
OPEC has stated they will reduce oil production by 2 million barrels a day! Obviously they are contributing to the cold winter in Europe! Not a friendly gesture to Ukraine
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OPEC does it primarily to maximize profit per barrel. Petroleum prices are MUCH lower than they were six months ago. Russia wants the profit, too, but in addition, it loves bleeding its enemies throughout Europe. Can’t really blame the countries for wanting the highest price possible. If you were selling your house, wouldn’t you want top dollar?