Will OPEC reduce production of oil and gas in order to avoid having to cutback on some of their lifestyles?
Probably. We wouldn't want a few of those Sheiks to have to let go of some of their extra reserve jets, or Mercedes Benz ........would we?
I would wager they are going to turn the valves off for a while so that the pipeline of cash to their accounts isn't interrupted any, and I would bet that the price of oil and gas will be up pretty soon . So don't rearrang that household budget yet folks ...you may need it to fill up your car get to Walmart this Christmas!
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