What is OPEC doing to oil prices? How are they going about accomplishing their goal?

OPEC is always trying to maximize it profits. It is a monopolistic cabal of oil producers. It maintains its monopoly the same way that all monopolies are maintained, with governmental acquiescence.


OPEC has bought politicians. These politicians tell us how concerned they are about the environment. Because they are such environmentalists, they can always find a reason why we can't get oil out of the ground, or transport it, or drill it off shore.


There really is no shortage of oil on this planet. That is another lie foisted on up by politicians who are bought and paid for, and mainstream media, who are also in bed with big oil.


Get government out of the way and let the free market prevail and you will see oil prices plummet.What is OPEC doing to oil prices? How are they going about accomplishing their goal?
They are making the prices rise. They go about this by controlling how much oil is produced by member-states, thus causing a shortage and increasing demand. Simple manipulation of the law of supply and demand.What is OPEC doing to oil prices? How are they going about accomplishing their goal?
I read a story on Gulf News yesterday that they are storing 500,000 barrels per day now and are trying to cut production ASAP. Of course much of this is to keep prices up. Nigeria's fields have been attacked and their production is down. Saudi Arabia is making up their portion.
The thing with OPEC, and Saudi Arabia is that the Saudis don't even publicly state how much oil they have left. They could only have a few million barrels left. They dont give any estimates, just that ';there's a lot left';.