This week the wonderful people of OPEC cut oil production to keep prices up. Really do they think that is going to work? I know most American people are to the point where they are tired of paying high oil prices and now know how to make them drop. We cut down on our use and switch to cars that get better gas mileage or don’t use gas at all. Yes this switch will take time, but if they want oil prices back up I think it will just drive people all over the world to change what they use and how much they use it.
I see oil prices slipping a lot more over the next few months, driving in general slows during the winter, so it is going to happen, I think though that with more people losing their jobs and not having to go anywhere we are going to see a huge decrease in oil consumption. I’m happy about that part, just not happy as to why the decrease is happening.
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