OPEC chief says no need for output cut
The world is always seemingly worried about a shortage of oil. Yet three days ago the OPEC Chief stated that oil prices and levels were fine. He went even further and said that markets who needed more oil could have up to two million extra barrels per day, if needed. It sure doesn't seem like there much of a shortage of oil. It seems as if the actual price of gasoline is completely irrelevent to the actual supply of oil/gasoline.
1 comment:
yes the cost is controlled by the laws of supply and demand, but who controls the supply in order to drive up the cost in order to make more money?
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