The Real Goal Behind Next Week’s OPEC-Russia Meeting

For the last few days, oil prices have been trading in a very narrow range between $42 and $45 a barrel. They won’t be staying there for long.
You see, there are two factors keeping prices locked in that range. One is short term, here in the United States.
And it was just resolved today…
The other is OPEC’s long-term strategy to crowd out competing oil producers. Rumors would have you believe this will change before the end of the month, at the upcoming International Energy Forum (IEF) summit in Algiers.
That’s not going to happen…
Yet.
Here’s when OPEC will change its strategy… and what the Algiers meeting is really about…

This post was published at Wall Street Examiner by Dr. Kent Moors ‘ September 22, 2016.