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OPEC to cut oil output.

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posted on Oct, 19 2008 @ 05:29 PM

LONDON (AFP) — OPEC will Friday announce it is cutting oil output to help lift crude prices that have dived 55 percent since striking record highs in July, as a global economic slowdown slashes demand, analysts said.

Just a heads up.
It just occurred that I haven't seen a thread with this info today.
You know it's bad when even 'Slack Jaw'Gordon Brown is criticizing the manipulation of prices.

If it doesn't cost enough..just reduce supply.


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