Or maybe a horrid way to assure the loss of hearts and minds?
OPEC has done all they can for Republican election efforts (i.e. lowering gas prices) and will now cut production.
One analyst said some OPEC policymakers wanted to make deeper cuts in output but felt hamstrung by mid-term elections in the United States, where fuel prices are a political issue.Some memorable sports brawls. Nolan Ryan is still one of my heroes (saw his 7th no-hitter from 5 rows behind home plate).
"If it weren't for the U.S. election and the high prices we've had there would be a better than 50 percent chance that OPEC would cut more than a million barrels," he said.
OPEC's official ceiling has been at 28 million bpd since July 2005. During that time output has shifted around 500,000 bpd either side of the official limit.
Duh, duh, and duh.
