David's Blog of Common Sense » Drill http://davidscommonsense.com Notes from a Conservative...Taking shots at the Liberals! Sun, 18 Jul 2010 15:52:00 +0000 en hourly 1 http://wordpress.org/?v=3.0 OPEC to cut 2.2 Million Barrels A Day… http://davidscommonsense.com/2008/12/18/opec-to-cut-22-million-barrels-a-day/ http://davidscommonsense.com/2008/12/18/opec-to-cut-22-million-barrels-a-day/#comments Fri, 19 Dec 2008 03:46:29 +0000 david http://davidscommonsense.com/blog/?p=455 OPEC has announced that they have decided to cut production by almost 2 million barrels per day. This is in a last ditch effort as the price of oil has dropped down to 40 dollars.

The oil industry was posting record profits earlier in the year but now with prices falling they are scrubbing around to see what they can do.

However, with less oil production this means the price of oil in the United States will go up, driving prices at the pump up once more. This is just another sign that we should drill here, drill now (10 years ago).

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