21.10.2008 - Opec's plan to cut oil production is ill-advised
From Gulf-news.com: With all the current economic turmoil around the world, a decision to reduce oil production by the Organisation of Petroleum Exporting Countries (Opec) is only going to be damaging. Sure, oil prices have plummeted from a high of $147.27 (Dh541) a barrel in July. But the price for a barrel of crude is sitting at around $71 to $72 a barrel. That is comfortably below that once-mythical $100 per barrel price..... Full Article: Source