Friday, March 16, 2001 - OPEC agrees to cut oil production - March 16, 2001

Quote: "The OPEC ministers said that a slowdown in the world economy is prompting the cut. By cutting 1 million barrels a day out of the world oil supply, the ministers hope that oil prices will climb back to the $25 a barrel level after slumping earlier in the week."

Okay, let me get this straight. The world economy is slowing, people have less to spend, so they want to create a situation where they can increase their prices? Thus screwing us over even more? What Bond villain is running this outfit, anyway?


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