“We are watching closely the deterioration in prices, particularly the OPEC basket … The deterioration in prices has crossed (the line),” OPEC acting secretary general Mohammad Barkindo told reporters Tuesday.
Translation: “The Americans aren’t paying enough for gas, we must artificially manipulate the market now!”
“So as we speak now, my colleagues in the (OPEC) secretariat and even here are looking at all the variables which keep on changing … almost by the day,” he said.
I thought that was how the commodities market was supposed to work.
We need to get rid of these OPECers as soon as possible.