The Elitist

October 20, 2008

OPEC Officially Shits Self

Filed under: Financial Crisis, OPEC — The Elitist @ 9:57 am

OPEC is holding an emergency meeting to cut production. With oil prices plummeting, the huge revenues due to these countries are dwindling. OPEC chief Chakib Khelil has called for a “substantial cut” in production so that we can go back to paying $4 per gallon. Otherwise, how is Russia going to pay for its new modernized military that plays war games against NATO?

Raw Story – OPEC Wants Cut

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