OPEC Meets Amid Global Uncertainty
A troubling and worsening world economy, civil unrest across the mideast, and conflicted interests over whether to raise crude production promise to make this week’s OPEC meeting one of the more volatile in recent history. OPEC’s biggest member, Saudi Arabia, has highlighted concerns that inflated energy costs are stunting the global economic recovery; going so far as to warn that it will act alone to raise supplies – even if other OPEC members ifail to reach a deal. Joining us from the OPEC meeting in Vienna, Austria, is Bhushan Bahree, IHS CERA Senior Director of Global Oil – Middle East and OPEC. We also speak with Julian Lee, senior energy analyst at the Center for Global Studies.
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