OPEC to boost crude oil output by up to 1 million barrels per day
Story dated 17 March 2005
Wonder why gas prices are high? Well, part of it is because the eco-radicals in this country won't let us build more refineries. Another part of it is the fact that OPEC cut production back in December to drive up the prices. Looks like the decision to drill in ANWR is having an effect. "The Organization of Petroleum Exporting Countries agreed Wednesday to boost its members' daily crude oil production to a maximum of 28 million barrels a day, up 1 million barrels from the current level, to stabilize surging crude oil prices."
_____________________________________________
Post a Comment
Return Home