George Beranek
George Beranek
approving bring countries demand goes happens increase lying member next oil point price production spare tried worried
OPEC has tried and has had many opportunities try to bring the price down. At this point most OPEC member countries don't have much spare capacity. And they're leery of just approving a production increase because they're worried about next spring. What happens when all this oil is lying around and the demand goes down?