#OPEC agrees production cuts needed to prop up #OilPrice: Daily Bullshit, September 29-30, 2016

Oil Prices

The article in the Wall Street Journal expresses considerable skepticism that production cuts will actually be agreed upon[1] and certainly it seems like there’s a problem when they can’t even agree on how much oil they’re producing.[2] I’m guessing that’s the nature of this: They won’t agree until, suddenly, they do. Then some folks will be caught by surprise. But the simple fact is that, historically, they’ve always eventually worked it out.

Benoit Faucon, Georgi Kantchev, and Selina Williams, “OPEC Agrees on Need to Cut Oil Output,” Wall Street Journal, September 28, 2016, http://www.wsj.com/articles/opec-reaches-understanding-on-output-cut-1475089079

Summer Said, Benoit Faucon, and Selina Williams, “Iraq Quarrel on Production Number Could Sink OPEC Deal,” Wall Street Journal, September 29, 2016, http://www.wsj.com/articles/iraq-quarrel-on-production-number-could-sink-opec-deal-1475168419


Saudi Arabia

It turns out that the Wall Street Journal had already attempted an answer to my question from yesterday as to how one defends sovereign immunity.[3] I am not much impressed by their answer.

Wall Street Journal, “An Obama Veto Worth Backing,” September 20, 2016, http://www.wsj.com/articles/an-obama-veto-worth-backing-1474413692

Jordain Carney, “GOP leaders express reservations a day after 9/11 veto override,” Hill, September 29, 2016, http://thehill.com/policy/national-security/298530-gop-leaders-open-to-fixing-saudi-9-11-bill


Same-sex marriage

Southern Poverty Law Center, “Alabama’s ‘Ten Commandments judge’ suspended for rest of term for defying federal judiciary over same-sex marriage,” September 30, 2016, Alabama’s ‘Ten Commandments judge’ suspended for rest of term for defying federal judiciary over same-sex marriage


  1. [1]Benoit Faucon, Georgi Kantchev, and Selina Williams, “OPEC Agrees on Need to Cut Oil Output,” Wall Street Journal, September 28, 2016, http://www.wsj.com/articles/opec-reaches-understanding-on-output-cut-1475089079
  2. [2]Summer Said, Benoit Faucon, and Selina Williams, “Iraq Quarrel on Production Number Could Sink OPEC Deal,” Wall Street Journal, September 29, 2016, http://www.wsj.com/articles/iraq-quarrel-on-production-number-could-sink-opec-deal-1475168419
  3. [3]Wall Street Journal, “An Obama Veto Worth Backing,” September 20, 2016, http://www.wsj.com/articles/an-obama-veto-worth-backing-1474413692

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