OPEC Calls Emergency Meeting: What, They Didn't Make Enough Money When Oil Was $147 a Barrel??!

OPEC is calling an emergency meeting of the cartel next week to discuss solutions to the falling oil prices. It's dropped more than 50% (to it's ACTUAL price in my opinion) since hitting $147 a barrel earlier this year.

How many trillions did they make when oil was $147 a barrel?

What? What? $3.9 trillion at current production rate of 27 million barrels a day? And that's for ONE day??!

So what are they yelling about now? From the Jakarta Post on September 10th: OPEC President Chakib Khelil's comments, however, indicate that most members would rather accept less-costly crude than cut back and risk renewing the market turmoil that in recent months set one price record after another.

They sure aren't complaining about the size of their bank accounts from said record prices. And if we don't trust what our own oil executives are saying about how much they spend on R&D with regards to justifying high fuel prices, we sure can't trust anything that OPEC says about oil prices either.

They can make due with $68 a barrel.