Rumors are already going about how Obama plans to use Executive Orders to kick-start his Presidency. The Associated Press points out several possibilities. One is possibly re-instating the ban on domestic drilling for oil that Bush removed earlier this year. With oil prices coming down on their own, Obama may be hoping that a reversal on the stance of generating our …
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Posted under Misc
Written by admin on November 9, 2008
According to a Breitbart article, OPEC will make substantial production cuts to lower supplies and stabilize oil prices. Oil has slowly dropped in prices to a more reasonable level so it’s not surprising OPEC will tighten the spigots to raise the prices again. Prices are currently around $70/barrel and OPEC claims their target price is $70-90 a barrel. I have to point out that they …
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Posted under Energy
Written by admin on October 18, 2008
