Yep, they are going to do a lot of talking and not much else.
Why?
Because they are correct.
There is no reason for the high prices. If another country could pin it on the stock market people in the US, there would be holy heck to pay.
however, they have to do something (OPEC that is). They are deftly afraid of loosing the worlds dependancy on oil. It's the only thing keeping some of their countries afloat. If keeping that power means they have to flood the market with oil to cause a market crash to lower the prices. They will.
Right now they will give lip service and see what happens over the next month or so before they actually do anything.
However, places like italy are in real trouble. Their freight haulers are refusing to haul. Gas stations are running out of gas, food stores will start running low in a few more days. The chit is really hitting the fan over in Europe.
