While the financial empire burns, OPEC decides whether or not it’s going to cut production today. Lower energy prices are about the only good news to come out of falling commodity and stock prices. But OPEC producers like Venezuela and Iran want the world’s big oil cartel to cut production and put a floor under prices. You get the feeling that OPEC doesn’t want the oil price to go too low.
September 10th, 2008 | Dan Denning | 0 comments | ContinuedAll Posts Tagged With: "opec"
Hillary ‘Big Govt.’ Clinton Wants America to Sue OPEC
Hillary Clinton is taking on OPEC in her campaign to get to the White House. She introduced a new plan yesterday to hold OPEC accountable to American consumers. Is there a more heavy-handed, ham-fisted, lame-brained, anti-Liberal example of big government at its worst? Changing the rules to favour one group over another is the standard tactic of anti-free market do-gooders. The rules usually get changed to favour one group over another, depending on the political flavour of the day.
May 6th, 2008 | Dan Denning | 3 comments | Continued