OPEC Wants You to Pay More for Gas

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	OPEC Wants You to Pay More for Gas

ikino22

5-29-2009 8:28 PM

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ikino22 says:

here we go again

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/f840a0b4-f4ce-4c17-beee-b8c71650b6a1/544AD88F-EEFB-4E0D-94F8-E4BAC8A6D88E/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.time.com/time/business/article/0,8599,1852607,00.html?xid=feed-yahoo-full-world-related" href="http://www.time.com/time/business/article/0,8599,1852607,00.html?xid=feed-yahoo-full-world-related" style="font-size: 11px;">www.time.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.time.com/time/business/article/0,8599,1852607,00.html?xid=feed-yahoo-full-world-related"><H1>OPEC Wants You to Pay More for Gas</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.time.com/time/business/article/0,8599,1852607,00.html?xid=feed-yahoo-full-world-related"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/www.time.com/img/8D23C8FD-B5E8-4692-BAE4-490E30956A59" alt="Gas is $2.79 at a BP station in Royal Oak, Michigan." /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.time.com/time/business/article/0,8599,1852607,00.html?xid=feed-yahoo-full-world-related"><P> 
Never much loved outside of its member states, OPEC is a convenient whipping boy for leaders responding to consumer pain, but oil analysts say it may not deserve all the blame. Its members have certainly earned mammoth
windfalls from rocketing oil prices over the past year, but some face the prospect of domestic political upheaval if oil prices fall too low. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.time.com/time/business/article/0,8599,1852607,00.html?xid=feed-yahoo-full-world-related"><P>
The needs of gas-guzzling Western nations, however, are exactly the opposite. Ironically, though, a falling world oil price negates the goal stated by  Barack Obama and John McCain to cut America's dependence on foreign oil, especially from the volatile Middle East. That's because although it only accounts for about one-fifth of U.S. imports, oil from Saudi Arabia, Kuwait and other Middle Eastern countries is much cheaper to produce than the more politically popular alternative of oil drilled in Canada or the United States. 
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