Tag Archives: global recession

The economy just keeps getting worse

On the 17th I blogged about OPEC’s gambit to force a rise in the price per barrel for oil on the world’s market, here, and how their efforts would fail due to the current economic climate. Today oil futures fell … Continue reading

Posted in News of the day | Tagged , , , | 2 Comments

OPEC needs a lesson in economics

OPEC is announcing a cutback in oil production in an attempt to boost the price.  By making it less available they hope the market will drive the price up as buyers compete with each other.  That tactic works when demand … Continue reading

Posted in Economy, General, News of the day | Tagged , , | 2 Comments