http://money.cnn.com/2011/06/08/markets/opec_oil_production/index.htm?hpt=hp_t1
OPEC's quarterly meeting was widely watched by analysts. The cartel had been under intense pressure to raise production as oil prices approached $120 a barrel last month.
But cartel members were unable to reach a decision to do that, with at least three members reportedly holding steadfast against any production increase. OPEC ministers said they'll take another three months before considering any increase in oil output, according to CNN.
If you voted for the messiah, I don't want to hear you b!tch about gas prices.....
Yeah, things would be so much better off concerning energy prices if McCain and Palin were in charge? Do you really believe that?
There would be no threat of cap & trade and we would be drilling to increase the supply. Just look at the difference in price when the Saudis threaten to increase production by just 2% a couple of weeks ago. We can do that on our own. Obama even tried to fool OPEC by saying he is opening more oil leases, but everybody knows they will never get actual approval (when Bush said it in 2008, OPEC believed him). Saying we can't affect the price of oil with a real US production increase is just a liberal talking point.
