Emergency meeting by OPEC results in 1.5 million barrel per day cut in production (and by "emergency" I'm sure they mean gas was accurately priced at $4 a gallon US in July???). I'd like to see the good ole' USA (and the rest of the world) man-up and continue to cut fuel consumption. No edict from OPEC can reverse the cost of a barrel of gas if we continue to consume less regardless of how much (or little) they produce short of cutting off all production for a specific period of time (which is quite possible if history is a good lesson).
Story link posted below...
OPEC agrees sharp output cut, oil slide goes on | U.S. | Reuters