OPEC Hearts Money (Duh)

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Article here.

When oil was $30 a barrel, OPEC wasn’t cutting production to raise prices.

When oil was $50 a barrel, OPEC wasn’t cutting production to raise prices.

When oil was $100 a barrel, OPEC wasn’t cutting production to raise prices.

When oil was $150 a barrel, OPEC wasn’t cutting production to raise prices.

And, in fact, they didn’t raise production to lower prices, either.

But now that they have massive building projects and extravagant lifestyles to fund and maintain, I’m guessing that they have a choice: artificially inflate prices or leave production alone and risk having to get a job.

It probably doesn’t help that we as a country seem pretty interested in removing them entirely from our economy. Guess they’d better get their money while they can.

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