Thursday, September 29, 2016

Is There Such a Thing as an OPEC Coincidence?

EPJ reader Zach Bush emails:
Do you think it's coincidence that OPEC announced this the same day Congress overode Obama's veto on the 9/11 lawsuit bill?

After reports a couple of day ago that a deal was "elusive," at a meeting in Algiers yesterday, OPEC agrees to cut oil production for the first time since 2008. Crude oil prices jump from $40 to $48/barrel.

1 comment:

  1. What do you think might happen if the US stopped supporting SA's war against Yemen or stopped doing SA's bidding in Syria? Current oil and gasoline prices are politically oriented prices, not a result of supply & demand.