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By the Numbers: Problems Ahead for OPEC
So far OPEC has been relatively successful at cutting oil production and keeping oil prices propped up. Saudi Arabia is leading the charge saying, more or less, it’s going to do what needs to be done.
They have been able to stick together, but how long can it really last?
It’s been somewhat of a surprise to see most of the OPEC members “stick to the plan” so far. Back in A Slippery Slope Ahead for Oil Prices, we looked at:
Falling oil prices puts these countries into a bind…
…a lot of countries will be facing big problems if oil falls further or if they…
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