Drudge: gasoline -- highest price recorded in March history
Financial Times story here.
The Saudi cabinet on Monday said the kingdom would work “individually” and with others for the “return [of] oil prices to fair levels.” Riyadh recently said it aimed to keep oil prices at $100.And then this:
The kingdom has not yet publicly disclosed its moves, but Gulf and western officials and traders said the kingdom was boosting its oil exports to the US, after hiring more super-tankers last week. They said it was also reviving production at oil fields mothballed decades ago.So, we will see.
By the way, President Obama will be at a Carlsbad, New Mexico, oil field on federal land tomorrow, as well as a photo op at Cushing, Oklahoma, later. Rumors are he will mention that he supports the southern portion of the Keystone XL pipeline which will run from Cushing to the gulf.
Wow, banning oil from Canada -- bright idea. [Update: March 20, 2012 -- energy workers not too happy with President Obama showing up in Cushing, Oklahoma.]
Saudi
ReplyDeleteDoes this sound like what Saudi would say if planning for War? Perhaps to say, "war won't be that bad."
anon 1
I'll be interested to see what Saudi can do.
DeleteSo the President supports the southern leg of the Keystone pipeline. Isn't that big of him and his administration. In reality it doesn't make any difference because it doesn't require federal government approval. We all know this administration attitude on energy and as Harold Hamm says, the President is riding the wrong horse.
ReplyDeleteThe New Mexico visit is just a publicity stunt to try to fool some voters into believing he is concerned about energy prices consumers are paying. All B as in B, S as in S. It couldn't be could it that New Mexico is in play as a swing state in the election? Hummm
Agree 100%.
DeleteThere's probably a war going on right now. And they don't want it leaked out! Doesn't sound to good! Had to get some protection? more ships? What
ReplyDelete