OPEC Reversal...
10/09/08 18:58
Watch for a new special audio message for the Feast of Trumpets to be posted soon!
After signaling that it would keep production quotas where they were yesterday, OPEC today cut production by 500,000 barrels per day. The move was seen as a way to stabilize the market and shore up falling prices. Some members of the Cartel were against a major cut, fearing demand would fall even faster. Demand for crude has been down sharply with the increasing prices, even in developing countries. Read the story here.
Russia has threatened to point ballistic missiles at US strategic targets in Europe, including those slated for the missile shield system. They also announced they are planning to test 4 ballistic missiles before the end of the year. Read the story here.
Despite the dire predictions that the earth is entering a warming period, the Old Farmers Almanac foretells a cooldown. The Almanac’s predictions are based on a series of complex calculations with a surprisingly accurate record. The Almanac’s calculations point to a cooling trend for the next half century. The Old Farmers Almanac dates back to 1792 and is the oldest continuously published periodical in North America. Read the story here.
Until next time...
After signaling that it would keep production quotas where they were yesterday, OPEC today cut production by 500,000 barrels per day. The move was seen as a way to stabilize the market and shore up falling prices. Some members of the Cartel were against a major cut, fearing demand would fall even faster. Demand for crude has been down sharply with the increasing prices, even in developing countries. Read the story here.
Russia has threatened to point ballistic missiles at US strategic targets in Europe, including those slated for the missile shield system. They also announced they are planning to test 4 ballistic missiles before the end of the year. Read the story here.
Despite the dire predictions that the earth is entering a warming period, the Old Farmers Almanac foretells a cooldown. The Almanac’s predictions are based on a series of complex calculations with a surprisingly accurate record. The Almanac’s calculations point to a cooling trend for the next half century. The Old Farmers Almanac dates back to 1792 and is the oldest continuously published periodical in North America. Read the story here.
Until next time...