the OPEC basket price is up over $62 a barrel again. Surprised? You shouldn't be!
Remember how before the US elections, OPEC said they were going to cut production but nobody believed them, so prices kept dropping? Now suddenly it seems they are serious about it. Surprised? You shouldn't be!
Here's a little graph (slightly adapted) from Opec's own website.
Yup, the lowpoint came on exactly the week of the US Midterm elections, as I have pointed out in more detail before. Surprised? You shouldn't be!
We should actually be a bit more concerned that usual about this kind of blatantly political manipulation, given that Saudi Prince Bandar is encouraging Dick cheney to bomb Iran. Scared? You should be!
UPDATE: Somebody in the NZ government takes an interest:
No comments:
Post a Comment