By setting prices and production levels, OPEC directly contributes to rising prices at the pump. OPEC has been sponsoring conferences with the world's non OPEC (member) countires, encouraging them to cut production of their oil by billions of gallons per day, in hopes the petroleum industry will become the next gold rush. These non OPEC countries used to pick up the slack from OPEC countries and that's whyin years pastm gas prices were reasonable and affordable. Of course, the non OPEC oil giants are NOW working with OPEC and gas prices have been rising steadily for several years now as a direct result. This is illegal price-fixing and it's a conspiracy.
2006-07-24
12:21:50
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14 answers
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asked by
Anonymous
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Other - Business & Finance