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Treb-
I'm not assuming cost of barrel relates directly to cost at the pump at all so I don't want to give that impression. If you read my initial post it related to OPEC calling an emergency meeting because oil prices had dropped from $150 to $60 a barrel and their attempt to reduce production...therefore decreasing supply. By the same point, they increased production when the cost of a barrel was $150. Most of the feedback I've seen on ecomodder is sympathetic to OPEC (including in this thread).
I understand how OPEC works and when I hear emergency meetings being called because they feel the cost of a barrel of oil is stable at $70 that also means they feel gas prices at the pump (not taking into account home heating fuel, etc.) is stable. Another ecomodder agreed in this thread that OPEC is only trying to stabilize barrel price and I responded that $2.50-3.50 a gallon is disturbing if that's what stable means.
No hard feelings here...just an opinion as to where our oil comes from and who controls it.
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