"OPEC is set to announce a cut to its oil output at an emergency meeting here on Friday in a bid to support crude prices, which are plunging as recession fears hit demand for energy worldwide."
As bad as we hate to admit it, it is their oil, and it is their right to cut production. This is all the more reason that we need to reduce our dependance on foreign oil. If we were drilling domestically, we wouldn't care what OPEC did...