Thursday, October 05, 2006

OPEC getting its act together quietly

Link It seems even the Republicans cannot get OPEC to keep oil prices down coming down the stretch in an election year. Good for OPEC. I hope alternative energy can thrive at around $60 a barrel. And just a little reminder for the voters on failed policies...

-- updated 10/5

I read a BusinessWeek article where Saudi Arabia was for lowering oil prices. But this NYT article seems to contradict that. OPEC now does not announce a price target or intentional supply modifications. A barrel of oil went up $2 yesterday.

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