With the continuing decline of international oil prices, of course the OPEC did not just sit there and wonder who's gonna fund their latest slew of towering office blocks. They announced a cut in oil production, and not just any cut, the biggest cut in history, by 2.2 million barrels a day, to keep float the plunging oil prices. Well, to their surprise, oil prices plunged deeper into the regions of $40.20, prices never before seen since year 2004. Let's hope it goes lower till the regions of $35. Well, there goes another 'popular cause' of the Detroit 2.5's demise.
Thursday, December 18, 2008
OPEC cuts production by 2.2 million a day! Oil price plunges after announcement. LoL
With the continuing decline of international oil prices, of course the OPEC did not just sit there and wonder who's gonna fund their latest slew of towering office blocks. They announced a cut in oil production, and not just any cut, the biggest cut in history, by 2.2 million barrels a day, to keep float the plunging oil prices. Well, to their surprise, oil prices plunged deeper into the regions of $40.20, prices never before seen since year 2004. Let's hope it goes lower till the regions of $35. Well, there goes another 'popular cause' of the Detroit 2.5's demise.
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