Whose oil do they think it is anyway?

The Organisation of Petroleum Exporting Countries has found no reason to pump more oil despite the hardships being encountered by God-fearing, Hummer driving, McMansion living Americans. Do we have to invade them all?

Note: towards the end of the article you will find a quote from the head of Libya's National Oil Corporation, Shokri Ghanem:

"The easy, cheap oil is over...Peak oil is looming."

Is this first time an OPEC member has publicly used the term "peak oil"?

Good idea, very bad reason

Like a junkie scoring "one last fix" on his way the The Priory Congressional Democrats are threatening to scupper OPEC arms deals unless they pump more oil. If only they would threaten to scupper arms deals to repressive regimes but then how would these poor politicians raise funds?

In the meantime OPEC is expected to counter this "offer" by threating to pump less oil unless they get more weapons!

Sorry George!

I know you think that the Saudis run OPEC and that the Saudis do what you wish, at least as regards oil policy, but I think that you are, as usual, entirely off track. Despite record prices for crude oil OPEC has refused to raise output and expects prices to exceed 120 USD per barrel in the near future.

Happy motoring!