OPEC

CNN recently ran a story on how congress wants to bring down the price of oil. Being that this is an election year and congress is polling at all time lows, it is understandable that they feel they need to do something. I mean, who wants to get fired from there job. But the big issue is if any of these new regulations will actually bring down the price of oil or will they make the matters that much worse Read more »

In this article, Reuters is reporting that Indonesia is quitting OPEC. It makes me wonder how much supply that OPEC actually has and if more countries will soon follow Indonesia. Read more »

If you are like me, you are probably starting to feel some angst over the continuing rise is gas prices. My wife and I are discussing the idea of selling our cars to get more fuel efficient ones. I may even get a Vespa.

A large factor that is driving my concern is the growing realization that our government doesn't have a clue about what a real energy policy should look like. Unfortunately it appears that both parties simply want to demogogue and attempt to buy votes. Read more »

I'm writing you today to request that you defend International Oil Companies (Shell, Exxon, Chevron, etc) from the recent attacks from Members of Congress, and in so doing, defend the free market, a bedrock principle of our Republic.

IOCs only own about 15% of world oil reserves, while NOCs (Nationalized Oil Companies) own the remaining 85% of reserves. My point is that if you want to blame someone for the price of oil, and the resulting price of refined gasoline, the lion's share of the blame, 85%, should rest on the NOCs.

If you want to grill a group with Congressional Hearings about energy prices, invite the members of OPEC, Saudi Aramco, Venezuela's Cartel, Mexico's Cartel and the Russian Cartel. These are the organizations with the resources and power to make significant changes to energy prices. Read more »