Tuesday, January 17, 2012
Whats the best way to bring down oil prices?
Much has been said about the price of oil which in the last 8 years has jumped from $28 a barrel to todays almost $128 a barrel, Most governments say the OPEC must raise its production to meet demand, OPEC says there is enough production to meet demand. For the most part i have to agree with OPEC, I haven't seen any shortage of petroleum products yet the price continues to climb, OPEC blames a weak US Dollar, I personally blame the markets and think oil should not be a market commodity as it allows too much room for bears to force up the price (as is happening) and governments can also ratchet up prices at will, holding people to ransom. Do you agree? what your thoughts?
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