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If something were to happen to oil, then we could all start having some real problems

June 25, 2009 – 9:59 am – No Comment
If something were to happen to oil, then we could all start having some real problems

A disruption in the supply of oil could cause serious problems for the United States economy. Rather than an actual dependence on foreign oil, the supply of oil and the price increase that would happen as a result are actually a “national security” problem.
Keith Crane, …

OPEC meets to end overproduction

March 14, 2009 – 9:52 pm – No Comment

The Organization of the Petroleum Exporting Countries met in Vienna Saturday and called for an end to “overproduction” by some members to increase the price of oil.
The “overproduction” makes up for just over a million barrels a day.
In the short term, the cut …