
Alfred De Montesquiou’s AP article entitled “OPEC Head: Cuts could be severe”, printed in Friday’s (12/7/08) Post and Courier was alarming. According to the article, OPEC has reached a consensus on oil production reductions. OPEC’s President Chakib Khelil is quoted as saying “The best way is to surprise them”, when suggesting reductions could be deeper than expected, even “severe”. The announcement is scheduled for December 17th. (Happy holidays America…)