Originally Posted by
BNEA320
& oil price is stable, I heard reported, probably as the world is in a big mess.
"Stable" not a word that should be used with oil, and where much of it comes from.
It is artificially high, OPEC countries and even Russia that are heavily dependant on oil for revenue made a bit of a deal to have production cuts or not increase production in a bid to raise the price to over $40 per barrel.
Now history shows none of the countries actually stick to the barrel limits they promise- but they need this $50 or higher oil price as budgets and reserves have bleeding the countries.
Is it a case of "the weakest link"? So production actually is reduced!