Obama Executive Order Proposals

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

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OPEC to Substantially Cut Supplies

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

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