OPEC finds little agreement on price manipulation


Opec refuses to cut oil production, crude slumps to five-year low

Venezuela's representative to Opec storms out of meeting after his calls to make deep cuts to production are ignored
It is tough for the petro states that have budgeted their expenditures on a price no longer supported by the market.  Socialism really sucks without a monopoly price.  Venezuela has long been trying to repeal the law of supply and demand at home and now is fighting a losing battle to do so on the world stage.


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