OPEC ministers are saying that $100 oil is not their fault and that raising supply will do nothing to bring down price. "I think the main problem is outside the oil market. Too much liquidity is available," on OPEC member told Reuters. "A big part of it is in the paper market of crude oil."

Why not try announcing a modest increase in production and watch crude drop below $90. It would be a good experiment and would drive speculators out of the market.

Douglas A. McIntyre