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*******************


Yeah, so?


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Me with Serbu BFG-50

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January 30, 2005

Oil Will Stay At $50/Barrel

And I have no problem with that. From Yahoo News:


OPEC (news - web sites) producers agreed Sunday to keep output limits on hold, convinced that oil prices near $50 a barrel are not stifling world growth.

The Organization of the Petroleum Exporting Countries wasted little time in deciding on no change to supply quotas, despite worries among consumer nations about inflated fuel costs.


Hey, it's called Capitalism. They have the Supply so they can Demand whatever the hell they want. We here in the US have been lulled into believing that we're entitled to cheap gas and oil because our federal and state governments tax oil so much less than most other countries. We could stand to start learning to economize.

Besides, China is now buying a goodly percentage of oil themselves as their economy grows and if oil is too cheap, they'll be just as wasteful as others while their exports continue to trounce other countrys'.

Posted by Jeff Soyer at January 30, 2005 02:58 PM
Comments

There's no such thing as a free lunch.

Posted by: Steven Malcolm Anderson at January 31, 2005 03:35 AM
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Your comments are welcome. You don't need to enter a URL and you don't need a "valid" email address, either. Note though that MT Blacklist is installed to flag suspiciously spam-like strings. Unfortunately, because of the bastard spammers, the strings "google.com" and "yahoo.com" (even in your email address) are currently banned as well. So are strings such as "cialis" (a common spam) which rules out words such as "socialism". Try putting a hyphan in a word like that.

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