OPEC Production Cuts in 2007?
Filed in archive Peak Oil by Reden Rodriguez on January 02, 2007

may stabilize yesterday, here is an article that says that OPEC will be reducing its production outputs to sustain high oil prices. What a crazy world we live in! Analysts believe that the production cuts are essential to keep the $60 per barrel price that many OPEC economies depend on for survival. And for the first time in many years, analysts believe that the demand-and-supply mechanisms will again work and will result to an equilibrium oil price between $60 and $62 per barrel.
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