Aren't the Opec countries doing anything to reduce the crude oil price?

The Arab countries are laughing their way to the banks! Look at the development in Middle East, isn't it's astonishing? Looking at it, many countries who import oils will suffer from inflation this coming years!


What say you?Aren't the Opec countries doing anything to reduce the crude oil price?
OPEC can't do anything in the short run!








1. Only Saudi maintains any any sizable excess capacity that can be used to increase production. However, if it did max out the production, there would barely be a blip in the price of crude.





2. Even if all oil producers maxed out crude oil production, refiners don't have the capacity to process it.








In other words, increasing supply is going to take billions of dollars of investment and years of development.





The only short term solution, which is also a long term solution, is to reduce demand.Aren't the Opec countries doing anything to reduce the crude oil price?
i say that if we go to renewable energy sources then we solve this problem
I think that the Western alliance countries need to unite and start playing hard ball with OPEC. Look how they treat the countries that have vowed to protect and give American lives so they can live like sultans.





Bush ought to be ashamed of himself just as the leaders of Great Britain, etc. who roll over and play lap dogs for these oil magnates.

salicylic acid