GOOD NEWS or maybe not: “Oil prices slumped closer to $100 a barrel this morning ahead of the start of today’s Opec meeing in Vienna, putting more pressure on the oil producers’ cartel to cut supply to the markets.” I suspect we’ll see production cuts. I’m not sure it’s a good thing if oil drops much below $100/barrel anyway, as it will kill off alt-energy and conservation efforts that we’re very likely to need anyway.
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