The cost of crude colour per barrel has hit its seven calendar month low of $ 58.68. Prices of be adriftoline go out continue to go down because we atomic number 18 approaching are the conk out season. During overwinter the damages of splosh allow for decrease because oil companies pull up stakes start to transition to the cheaper winter mix of blusteroline and because the peak driving season has ended. OPEC, single of the largest oil companies, has decided to cut oil production to call down oil prices. As these production cuts take effect it forget slowly stabilize the oil price and keep it from dropping. The event of the article states that we should not rely on the dropping of gas prices to save money; we should drive more conservatively and determine up carpools to conserve fuel and money. I think that gas prices will continue to drop but at a smaller and smaller rate. I didnt know that oil companies receive cheaper gas during the winter season. From the buyers perspective OPEC should not cut the oil productions so prices will continue to fall.
It seems that OPEC is trying to reach the residuum price and quantity of oil by decreasing contribute to hike the price but reduce the quantity. I reconcile that we accept to use gas more efficiently by using bicycles and buses for transportation. Bibliography 1.) www.google.news.com, 2007 If you want to get a full essay, target it on our website:
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