The Rising Influence of Rising Affluence

[jbog]

They can agree on anything but then it'll only take a month before they figure out everyone's cheating. Oil might get a temporary bounce for a couple of weeks and then it'll head south again.

What country can afford to cut its production. None.

Every socialist country is broke and in debt so'll they have to pump as much as they can for as long as they can. Then throw in Russia and the Middle East and not one of those countries can afford a reduction.

On the other hand, long term lower energy prices might finally be the catalyst that will enable this board to fulfill its goals.