Optimism or head-in-sand?
Organization Of Petroleum Exporting Countries
- Danny King
- Nov 21, 2014
OPEC writes that "pure plug-in electric cars are unlikely to gain a significant market share in the foreseeable future."
- Chris Bruce
- Oct 13, 2014
If you haven't noticed, it has been a little cheaper to fill up at the gas station for the last few weeks. According to the US Energy Information Administration, the current national average cost for a gallon of gasoline is $3.299. That's down about a nickel from the previous week and around seven cents lower than this time last year. It doesn't look like this is just a temporary blip either because there's a strong possibility that Saudi Arabia may compel OPEC for lower oil prices for the near
- Eric Loveday
- Jun 21, 2011
The Organization of Petroleum Exporting Countries (aka OPEC) is looking forward to a record-setting 2011. Due to oil prices that have hovered around the $110-per-barrel mark, OPEC is projected to rake in some $1 trillion in revenues this year.
- Domenick Yoney
- Mar 16, 2009
After a meeting which saw a decision by the Organization of Petroleum Exporting Countries (OPEC) to leave current production levels in place rather than cutting them to maintain higher prices, a top-level member of the organization has said that they have done their part for the world's economy and "challenged" the U.S. and other countries to "clean up the financial mess they have made." Since cutting production following the collapse of demand last year, the cartel's Secretary General, Abdullah
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