I was getting back into the swing of things and the first thing I see is this:
Saudi Arabia will raise oil production to record levels within weeks in an attempt to avert an escalation of social and political unrest around the world. King Abdullah signalled the commitment to the UN secretary general, Ban Ki-moon, at the weekend after the impact of skyrocketing oil prices on food sparked protests and riots from Spain to South Korea.
Next month, the Saudis will be pumping an extra half-a-million barrels of oil a day compared to last month, bringing total Saudi production to 9.7 million barrels a day, their highest ever level. But the world's biggest oil exporters are coupling the increase with an appeal to western Europe to cut fuel taxes to lower the price of petrol to consumers.
Make sure and read that last sentence again:
But the world's biggest oil exporters are coupling the increase with an appeal to western Europe to cut fuel taxes to lower the price of petrol to consumers.
It's a shame when Saudi's King Abdullah feels the need to tell Congress to lighten up on it's citizens.
Then I see this on Ace of Spades:
You don't hear too much talk about the Bakken field from democrats these days. I wonder why? Could it be because of this:
...Best of all, the Bakken could be huge. The Geological Survey's Leigh Price, a Denver geochemist who died of a heart attack in 2000, estimated that the Bakken might hold 413 billion barrels. If so, it would dwarf Saudi Arabia's Ghawar, the world's biggest field, which has produced about 55 billion barrels.
Yes that is 413 BILLION gallons.
ANWAR, Bakken, Offshore, and any where else we can find it.
The time has come to drill our own oil. If you agree, go here and sign the petition.
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