OPEC Set to Drive Oil Prices Higher

It looks the greedy power hungry oil mogols want more. They plan on driving the cost of oil back over $100 a barrel (or as Iran said “the more the better”).

http://www.foxnews.com/story/0,2933,442343,00.html

What their greedy minds can’t comprehend is that is they price oil too high for the market which seems likely in this unstable economic environment, then consumers will cut back and demand will fall. This will cause the price of oil to drop again. Which they will then attempt to drive back up.

I worry that there may be a time if we don’t become oil independant, that we will ahve to actually go to war for oil. I hope that we can break our oil dependency before that time.

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Published in: on October 21, 2008 at 7:43 pm  Leave a Comment  
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