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Tag archive for ‘Opec’

Oil Execs Defend current prices in Senate Testimony

Washington, D.C. (rightcommentary.com): Senators told oil executives Wednesday that high oil prices cannot be explained by supply and demand and the oil industry’s concentration — and OPEC price collusion — is contributing to the costs facing consumers.
Executives of the five largest oil companies were appearing before the Senate Judiciary Committee.
Committee Chairman Patrick Leahy, D-Vt., said [...]

Clinton: OPEC should not be a cartel

MERRILLVILLE, Indiana (AFP) — Hillary Clinton has made a new vow to confront OPEC, after oil broke the symbolic 120 dollars a barrel barrier on the eve of the next White House nominating showdown.
“We’re going to go right at OPEC,” Clinton said, on a last-minute campaign swing ahead of Tuesday’s Indiana and North Carolina primary [...]

It’s is time to drill for OIL in ANWR

Washington, D.C. (rightcommentary.com): To drill or not to drill oil in the Arctic National Wildlife Refuge has been debated since the 1970s. The time to drill is now.
Many polls have indicated a majority of Americans favor not drilling in the ANWR. Overnight, the national average price Americans pay to gas up rose 0.4 cent overnight [...]