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The OPEC Oil Consumption Cycle and the Dangers of Cheap, Subsidized Energy OPEC (Organization of the Petroleum Exporting Countries) was created in Baghdad in 1960 as an intergovernmental organization with 5 founding members: Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. Since then, other members have come and gone, including Qatar, Ecuador, Indonesia, UAE, Algeria, Nigeria, Angola, and Gabon. According to OPEC's site,...- Macau businessman wants to start mining and drilling for oil and gas in Angola and Mozambique June 25, 2006 | MacauHub | Macau businessman, Stanley ho said Thursday in Lisbon in an interview with Portuguese news agency Lusa, that he wants to begin mining operations and oil and gas drilling in Angola and Mozambique, in order to supply the growing needs of Chinese companies. Ho said...
- Gas up your car with your HELOC This article on MSN.com -- Oil Spike Won't Cause Oil Shocks of Past -- didn't exactly send a cold chill down my spine, but I'd still worry about it. High oil prices are a tax on our economy. There's only so much oil. If more people want more of it,...
OPEC, You, and $100 Oil: What Does It All Mean? It would appear the gentlemen running OPEC have decided that $100 oil is a fair price, because as of yesterday, they cut oil production by half a million barrels per day. According to OPEC (our favorite cartel), the world has an ample supply of oil flowing through our always thirsty...
What Happened to those Evil Oil Speculators? Three months ago all I heard was speculators this and speculators that. Every financial news program I watched on a daily basis went out of their way to include the phrase "oil speculator" just to get a rise out of us. And most people lapped it up like crazy! Especially...- Don't waste gas just because it's cheaper There is a silver lining to the recession: gas is about half as expensive as it was just a year ago. (It's just north of $2 per gallon around here.) It didn't seem to get high enough for people to change their driving habits drastically -- people were still sitting...
- Internet Based Guerilla Armies Attacking National Internet Services and Grind Systems to a Halt Internet based guerilla armies attacking national internet services and grind systems to a halt.Latest attack is Kirgisistan which became isolated from the internet by hackers in January 2009.<br><br> An internet based guerilla army of hackers makes sure that Kirgistan is having problems with their internet access outside the country.<br><br> Since...
Save $1.00 or More Per Gallon of Gas! How to Improve Your Vehicle's Fuel Efficiency If you're tired with the outrageous price of gasoline, try these tips to help ease the pain at the pump! Drive Slower According to the US Environmental Protection Agency (EPA), the most efficient speed to operate a vehicle is between 55-60mph. Slowing down from 75mph to 55mph can increase your...- Free Taco Bell Tacos - Courtesy of Tacoby Bellsbury! When I considered buying an Ellsbury jersey back in July, I had no idea that he'd be giving me (and the rest of America) a free taco. Allow me to explain... Taco Bell ran a promotion for free taco's during the World Series. If there was a stolen base, they'd...
- We richly deserve expensive gasoline I don't often get into largely political issues too much, but allegations of oil companies gouging their customers get old really quickly. Beginning with Katrina, the big oil companies were under Congressional scrutiny and the targets of possible "windfall profits taxes" for all of these "excess profits." Now, I hear...
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