OPEC to cut output by two million barrels

(http://www.chinapost.com.tw/business/global--markets/2008/12/17/187966/OPEC-to.htm)

In my opinion, I think, in this technology period. The oil is the major variable of the economic alteration, because the oil is the energy that people always use and most of machines have to use this energy. In the same time, people have to use that machine to finish their goals, especially, transportation. People use this way to achieve to their business. If they are lick of oil that mean their goal cannot be success. So oil is the only thing that people always cannot do without. Every time that OPEC says that they will cut output of oil. To our, it is a big problem and it is the time that we must be worry.


According to OPEC will cut in its oil production target of about two million barrels a day. It must have a great effect upon economy, because oil is the principal of manufacture and service. Then it makes the economy all around the world decelerate. On the other hand, the goods become more and more expensive rapidly. In addition, to cut output by two million barrels that must mark up the cost of oil. The affection of that the oil’s price has increased continuously day by day, hence, it makes inflation rate increase quickly. Most of people worry about these, including me. (218 words)