| Mark M |
12-17-2008 11:41 AM |
Quote:
Originally Posted by FishingRod
(Post 5287970)
Still $1.29 today
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Don't get used to it -- the OPEC assholes are at it again. ( Linky)
Quote:
The Organization of Petroleum Exporting Countries, in a bid to prop up falling oil prices, said Wednesday that it would cut production by 2.2 million barrels a day starting next month.
OPEC hopes the cuts will stabilize prices, which have dropped by more than $100 a barrel since reaching a record high in July. The worsening economic downturn has sapped demand worldwide.
[snip]
... [T]he cartel hopes oil will stabilize between "$70 to $80 at least."
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You know, I understand that the global warming folks tend to be a tad alarmist (and more than a "tad" in some cases). But regardless of one's take on the subject, I fail to see how switching to something other than oil is a bad idea, no matter the reasons.
It just makes sense to move on from what is century-old technology into something not just cleaner, but also not susceptible to a cartel controlling such a huge chunk of our energy needs and toying with our economy.
MM
~~:grovel: |
