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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: The Reaper who wrote (171422)12/15/2008 2:54:43 PM
From: patron_anejo_por_favorRead Replies (2) | Respond to of 306849
 
At this point they'd be better served by instituting a sales-priced based-quote. Set a price for all of OPEC's output at $65, and see if anyone buys. If they don't, simply store the output in addition to cutting production. Squirrel away the barrels for better times. At least that's what I'd do.

Otherwise they'll have to cut another 4-5 MM BPD to have the effect they need. They shoulda cut 3.5 MM last time, that was a freakin' joke.


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