Just as the futuristic Jetsons and the Stone Age Flintstones met up in the 1987 cartoon, "The Jetsons Meet the Flintstones," two camps with wildly different mindsets are meeting on the floors of Congress.
Blazoned on the top of the CNBC News page was the headline, "US Futures Turn Higher Following OPEC News." The article goes on to advise that OPEC was considering raising production for the first time in two years.
OPEC is prepared to do little or nothing to help reduce the current level of oil prices. Their lack of willingness to hold the price at moderate levels gives the speculators a one way bet on ever higher prices.