Oil: the less you work the more you make

Oil is one of those rare products that the less one produces of it the more money one makes. The Arabs can tell us more about this lucrative business. The overall value of oil exports by member states of the Organization Arab Petroleum Exporting Countries (OAPEC) reached $393.3 billion in 2006 that's $76.7 billion dollars extra, compared to 2005. Yet, all this windfall is taking place while the overall output of the crude dropped by 50,000 barrels per day, reaching the level of 21.36 million barrels throughout last year, compared to 21.41 million the year before. Not a bad deal.

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