The Radical Plans To Counter High Oil Prices

The latest OPEC+ output cuts for November mean it’s back to the drawing board for the White House and a re-emergence of discussions about the viability of “NOPEC”, a Western oil and gas buyers’ cartel that may or may not be the answer to influencing the market at will.  The decision on Wednesday by OPEC+ to cut production by 2 million barrels per day at a time when the global economy is grappling with the continued negative impact of Putin’s invasion of Ukraine and Western sanctions, is an indication that the…