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Opinion: Stop Blaming OPEC For Low Prices

Green Car Congress

Instead it pursued a strategy of fighting for market share, contributing to an immediate rout in oil prices. OPEC is widely expected to continue its current strategy at its next meeting, and as such, no rebound in oil prices is expected, at least not because of the results of the group’s meeting in Vienna.

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American Fuel Consumption Goes Down, Prices Do Not

The Truth About Cars

The Energy Information Administration (EIA) estimates that Americans were burning through a million fewer barrels of oil last week than they were the week before. What isn’t dropping is oil prices and that seems to be making all the difference. The IEA also faulted production cuts stemming from Russia and Saudi Arabia.

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