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Lora TomaselloThe supply and demand issues dealing with the OPEC are that we are in great need of gasoline in the United States since gas prices have soared in the past year Saudi Arabia has a vast supply of stored oil However in the article it states that the Saudis cannot afford to appear as Americas lackeys By this statement by using the word lackey Saudi Arabia does not want to look like they are supplying America with oil for nothing in return We have a great demand for the oil here in the United States and they Saudi Arabia have the supply This is where the problem comes inI believe that there are both supply and demand issues The supply and demand issues come about because the countries need to work together and they arent right now Basically everybody is looking out for themselves and their own best interests Some conspiracy theorists think that Iraq is going to take the supply situation to its advantage in the winter months by withholding its oil to win compromises Even though this situation would be highly unlikely I believe that our government should step up and take action before the winter months come and the economy feels a great loss Asias economy is already feeling the effects and they cannot reconstruct their economy after this downfallIn conclusion to this supply and demand issue Saudi Arabia should take action and release the 500000 barrels of oil they promised even though the price hasnt gone down to 2500 a barrel
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