OPEC set to snub Bush call for extra crude oil
Posted by Xeno on March 5, 2008
Bush, whose nation is the world’s biggest energy consumer, said it would be a “mistake” by OPEC not to hike production to help bring down record-high oil prices of above 100 dollars when the organisation meets in Vienna on Wednesday. … - rawstory
It is not the lack of oil production at work here. It is the absolute plunge of the dollar against other currencies which is causing the problem, and this cannot be remedied by more oil being pumped. And nothing the Fed has tried has been able to remedy this very real problem. - wrh
With a blue Pacman in their logo OPEC will never be taken seriously.
March 5, 2008 at 2:28 am
Our primary mistake is depending on foreign energy sources… We need to either drill here, look green, or go technological advancements.
-James
http://www.thepoliticus.org