Tuesday, 8 September 2009

Eve of Reality - Arrested Development (1992)

There is a bit of a bounce back in the price of crude oil today -- to nearly $70 -- just hours before OPEC member nations meet up in Vienna to discuss production outputs. It doesn't hurt that signs of recovery from the global recession are evident. Saudi Arabia's oil minister seems to be quite buoyant in his outlook.

Will suppliers put back on their rose-tinted glasses and not look to squeeze production any further? Can the good times roll once again? Some say we have to hit the $75 level for things to settle down. What do you think?

Read on in the AFP article.

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