And a European Commission spokesperson reiterated earlier on Wednesday that it would be disappointed with a 1.5 million barrel cut.

BBC: Opec agrees hefty cuts

Wine from Australia, Chile and Argentina was mostly bottom-of-the-barrel, cut-rate stuff you'd be embarrassed to order on a first date.

FORBES: Back to the Future

Delphi Chief Executive Officer Steve Miller has both GM and the UAW over a barrel, after putting Delphi into bankruptcy last October and demanding a 60% wage cut from the union.

FORBES: Joann Muller On The Automotive Industry