Courtesy of EconMatters
We discuss the latest in the OPEC Saga to arrive at an agreement to tighten the oil market and raise oil prices to bring in long term CAP Ex Investment back into the Industry which has seen three straight years of annual declines and has long term ramifications for the oil market. The Speculators have taken 500 Billion to a Trillion Dollars from OPEC over last 3 years!
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