Assumption n°1: the current OPEC policy, which consists in "officially" cutting production to match real demand, and thus keeping oil prices at around 60$ per barrel, could be nothing else than a smart pretext to conceal that main OPEC members (like Saudi Arabia, Iran or Kuwait) are struggling like crazy to keep flat their production, if not in decline ...
Assumption n°2: by distiling declarations like Ghanem's one, OPEC's will is to maintain a worrisome climate, so that prices remain high enough to satisfy their own objectives of profitability, without affecting demand in a significant way, and without being forced to cut production. A kind of strategy of communication to maximise the oil benefit.
What do you think ? ------------- If liberty means anything at all, it means the right to tell people what they do not want to hear (Orwell)
And your second point is really consistent with that.
Obviously this strategy may be good for them, OPEC, and not very good for the rest of us--particularly if they limit investment funds going into the alternate technologies.
