OPEC Overshadowed by Qaddafi in Most-Hostile Meeting Since 1990 Gulf War

Ayesha Daya Bloomberg 6/6/2011

OPEC’s decision on production quotas this week may be complicated by hostilities in Libya as members meeting in Vienna find themselves supporting opposing camps of a military conflict for the first time in 21 years.

Not since Saddam Hussein invaded Kuwait in 1990 has the producer group gathered with some nations […]

Setting the record straight on America’s oil

Lisa Murkowski Opinions The Washington Post 4/21/2011

With gasoline prices in many areas above $4 a gallon, energy concerns are once again making headlines. Prices have more than doubled since the start of 2009 and are projected to remain at excruciating levels for the foreseeable future.

We know from experience that high energy prices harm […]

Crude Oil Falls Below $100 a Barrel

Clifford Krauss The New York Times 5/5/2011

HOUSTON — Oil prices closed below $100 a barrel on Thursday during a session in which most commodity prices fell sharply, signaling that a recent run-up in commodities prices may finally be coming to an end.

After four months of surging higher, oil prices plummeted by almost 9 […]

Saudis Slash Oil Output, Say Market Oversupplied

Reuters via CNBC 18 Apr 2011

Saudi Arabia’s oil minister said on Sunday the kingdom had slashed output by 800,000 barrels per day in March due to oversupply, sending the strongest signal yet that OPEC will not act to quell soaring prices.

Consumers have urged the exporters’ group to pump more crude to put a […]

New NAT GAS Act is Introduced in the U.S. House

PickensPlan 4/6/2011

Congressmen John Sullivan (R-OK), Dan Boren (D-OK), John Larson (D-CT) and Kevin Brady (R-TX) have introduced H.R. 1380, the ‘New Alternative Transportation to Give Americans Solutions’ (NAT GAS) Act. This bill will be the legislative vehicle to replace millions of barrels of imported oil with domestic natural gas, especially for fleet vehicles.

The […]

You Have No Idea How Bad It Will Be If Saudi Arabia Goes Down

John Ellis Business Insider 3/10/2011

The National Journal today addresses the Mother of All Middle Eastern issues: what happens if Saudi Arabia comes apart? The world’s energy community is meeting at the annual Cambridge Energy Research Associates meeting in Houston (TX) this week. The prospect of Saudi Arabia unraveling is the only thing anyone is […]

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