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excerpted for WSJ

Note: They are not saying there is less demand for oil, but less demand for THEIR oil given US production and others.

If you have trouble with the link, the article can be found by web search of the title, such as:

https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=OPEC%20Says%20World%20Will%20Need%20Less%20of%20Its%20Oil%20Next%20Year

1 posted on 09/10/2014 7:45:13 AM PDT by thackney
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To: thackney

Good. Death to OPEC.


2 posted on 09/10/2014 7:47:16 AM PDT by dfwgator
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3 posted on 09/10/2014 7:48:47 AM PDT by thackney (life is fragile, handle with prayer.)
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To: thackney

Not after we get through bombing the ISIS held oil facilities.

They’ll blow up real good.


9 posted on 09/10/2014 8:16:11 AM PDT by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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To: thackney

One wonders if the Saudis are able to cut production to try to control price depression, or are they caught in a cash-flow trap where they can’t cut.

And what of the other members? Can they put together a united front under these conditions?


10 posted on 09/10/2014 8:28:51 AM PDT by SaxxonWoods (....Let It Burn...)
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To: thackney

That’s very true, and probably for the next few years.


14 posted on 09/10/2014 11:02:33 AM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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