Saturday, November 29, 2014

Is OPEC A Toothless Tiger?

#Energy OPEC MET THIS WEEK and decided not to cut the oil production quotas of its members. Petroleum prices took a hit. But don’t be deceived. OPEC’s impact on prices is grossly exaggerated. Speculators believed OPEC would magically pull a rabbit out of the hat. But OPEC doesn’t even have a hat, much less a rabbit.http://www.forbes.com/sites/steveforbes/2014/11/29/is-opec-a-toothless-tiger/ http://bit.ly/15KdByZ

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