Author Topic: Gas prices going up  (Read 2963 times)

K Frame

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Re: Gas prices going up
« Reply #25 on: January 08, 2009, 02:05:55 AM »
I don't buy that.

OPEC members have been saying for several years now that they want a stable, sustainable market price in the $75 to $90 per barrel range.

That's what they believe to be fair and consider it to be the point at which new exploration/infrastructure expansion becomes solidly viable.

The last thing that OPEC wants is the kind of volatility in the oil markets that has happened over the past year.
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