OPEC looking for help in balancing supply with demand

OPEC to U.S.: Please don't pump so much oil!
Since their predatory pricing model did not work to kill the fracking wells, OPEC is trying a more polite approach.  The group is still trying to come to grips with the fact that shale drillers have put a ceiling on what they can get away with charging and the group is also having difficulty internally enforcing their own restrictions on production.

Ecuador has recently said that it could no longer afford to restrict its output.  OPEC is also having trouble reining in Libya and Nigeria as well as Iraq.  All of those countries desperately need the money from sales.


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