Our hearts bleed for OPEC cartel members
Wednesday, 19 November 2008 15:37

President of OPEC, Chakib Khelil complains that OPEC has lost 700 billion dollars because the price of oil has fallen.

The price has gone down, and it's a good thing. Does he not know that a commodity is worth what someone is willing to pay for it. I for one have no sympathy for such an attitude.

A cartel is there only to manipulate the market and extract as much money as possible out of us, the buyers of oil. In almost every other country or union cartels are illegal and when they are discovered their members can expect HUGE fines.

Maybe it's time for the rest of the world to wake up and do something about OPEC.

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