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BREAKING: OPEC issues largest-ever cut in oil production

Getting used to cheap gas prices? Experts have been warning that they are not going to last and the Organization of Petroleum Exporting Countries (OPEC) is doing its part to prop 'em back up. Today, OPEC unleashed a plan to drastically cut oil production by an astounding 2.2 million barrels per day - the largest cut ever - after already dropping oil production by another 2 million barrels per day just a short time ago. This move once again proves that oil is a supply and demand market and is in response to "the repercussions of the financial ... Read more →

OPEC: Oil prices could continue to rise Jeremy Korzeniewski

BREAKING: OPEC issues largest-ever cut in oil production 1 year ago on Autoblog Green

OPEC: Oil prices could continue to rise 1 year ago on Autoblog Green

OPEC president Chakib Khelil believes that the already staggering price for a barrel of oil could continue to rise. Citing the low value of the U.S. dollar, Khelil says that investors are likely to continue to place their bets on oil, a necessary commodity. With current prices hovering around $120 ...

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CAFE – Corporate Average Fuel Economy. A system used in the U.S. to define mileage requirements of new vehicles.

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