OPEC wants to hit your wallet...HIT BACK!

Let me ask you a question; would you rather pay $2.70/gal or $4.50/gal? Dumb question right? Well there is a group who wants to make sure you are paying $4.50/gal...or more, much more, they are called OPEC.

OPEC, which stands for Organization of Petroleum Exporting Countries, is a 13 member nation board that has extrodinary power to influence the price of oil. They are having an emergency meeting this friday to discuss drastically cutting oil production. I know what you're thinking, you're saying "Yeah, how does that affect me?" Simple, it comes down to supply and demand.

When Oil peaked this summer at $147/barrell and Americans were paying as much as $5.00/gal in some areas; The American populace decided en masse that they could not afford it and would not stand for it. The result? America stopped going to the pump as often. That, combined with other economic factors that have been putting the clamps on our wallet, drove down the demand for oil. In turn, there was a lot more oil out there than we were using. Simply put, the supply greatly outweighed the demand. This sent the price of oil/barrel and at the pump into a two month nose dive, the benefits of which we are now reaping in the form of $2.70/gal gasoline.

If OPEC drastically cuts production, they will drive the supply levels below the demand. This will spike the price at the pump, just as sure as the sun will rise tomorrow. At that point you, I and everyone else in the U.S. will be lining the pockets of Hugo Chavez and Mahmoud Ahmadinejād. Personally, I can't think of a more revolting thought. To make those people and their governments even richer, just for the privilege of driving to work.

So I say hit back, you've already curbed your habits to bring down the price. Now real changes are required. Ride your bike or walk to the corner store. Take the bus or train to work. Unless you really have to, leave the car in the garage. OPEC wants to hijack your wallet, don't let them. They want to deliver the knockout blow to our economy, I remember an American that would never go down with out a fight.