OPEC Agrees to Cut Oil Production — Maybe

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It’s hard to believe there’s any important non-Trump news out there, but the rest of the world keeps humming along without us:

OPEC representatives reached a deal to cut oil production after months of wrangling Wednesday, according to people familiar with the matter, in an effort to lift sagging prices and reassert the cartel’s influence over a market increasingly dominated by the U.S., Russia and others. Delegates from the Organization of the Petroleum Exporting Countries agreed to cut production by 1.2 million barrels a day from the current 33.6 million barrels, the people said, representing about 1% of global production.

The details are a little unclear, and the Indonesian Oil Minister said “there were still issues to resolve that wouldn’t be easy.” That may be why oil markets took the news more or less in stride. Prices were up a bit, but most traders are probably waiting to see if OPEC can actually make its new agreement stick.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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