The worst nightmare of crude bears has just come true: OPEC secretary general says OPEC unable to reach consensus to boost production OPEC delegate says OPEC has no consensus for agreement OPEC president says some in OPEC believed should have had production increase, other said more time needed to asses OPEC president says final proposal was to wait for about three months to asses situation This is what happens when, as we wrote yesterday, the OPEC is no longer a cartel but a loose gathering of individuals who do their best/worst to boost/scuttle Obama's reelectionc chances. Look for crude to jump on the news. (full story)