OPEC On Track For First $1 Trillion Year

[pspr]

Fatih Birol, chief economist at the IEA, said a new assessment by the rich nations’ oil watchdog showed that the total number of barrels exported by Opec in 2011 would be slightly lower than in 2008, when cartel oil revenues reached $990bn. But if average prices remain around $100 a barrel, Opec’s oil revenues will still reach a record of $1,000bn this year.

http://www.ft.com/cms/s/0/7fa28b96-5a2f-11e0-86d3-00144feab49a.html#axzz1I2DjZxRn

 

[Lucrum]

It sure is a good thing Carter created the Department of Energy to reduce our dependence on foreign oil.

 

[pspr]

Quote from Lucrum:

It sure is a good thing Carter created the Department of Energy to reduce our dependence on foreign oil.

Obama's lack of an energy policy is nice compliment to Carter's bumbling.

Oh, he does have an energy policy. "Stop Drilling!"

 

[Spike Trader]

Quote from pspr:

Obama's lack of an energy policy is nice compliment to Carter's bumbling.

Oh, he does have an energy policy. "Stop Drilling!"

Why drill when we're going to take over the Middle East , right from under their noses. now don't run and go tell everyone i told this to you because i know what a blabbermouth you are ..