Without oil, the economy is going to suffer and that might be behind OPEC cutting production down by two million barrels a day.
What will be the economic impact of OPEC & Russia cutting two million barrels of oil per day?
OPEC and Russia meet today, (5 October), with a big cut in oil output on the table.
Analysts say a very large cut on the order of two million barrels a day could be on the table.
What impact will this have on gas prices, and will it push us into recession?
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Professor Richard Wolff joined Thom to discuss the oil business.
Bio: Professor Richard Wolff, Economist / Co-founder, Democracy At Work / Author of numerous books including The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself (also available as an eBook) / Host-Economic Update w/Prof. Richard Wolff on FSTV
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