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Re: OPEC and Oil Prices
Even though opec is making record profits, well along with the major oil companies, they are struggling to meet demand. I was reading some news articles that opec doesn't have enough oil rigs built to meet demand anymore and they are just barely hanging in there as they try and increase there supply. So there will be no immediate like fix to this. Look at the bright side, high oil prices makes everything more expensive. you will do some stuff that isn't so energy based, like maybe go out for a walk instead of driving. Instead of turning on the air conditioning enjoying the fresh air by having the windows open. The only thing that kinda worries me is if america lightens demand on oil, china and india will just pick up the slack so prices wont go down.
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