Saturday, November 29, 2008

OPEC Cairo Meeting

The first news flash is in as to the results of the OPEC meeting in Cairo today:

From the AP: "OPEC does not announce new cuts at Cairo meeting."

The Kingdom of Saudi Arabia and allies managed to stand fast, if only for a bit longer.

There has to be some kind of dismay in the halls of power in Iran and Venezuela right now... and by reflection, in Russia as well.

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