[Truth666]

What is happening NOW was explained worldwide first time in freerepublic ...

[sully777]

ANWAR, Outer Banks, Long Island Sound, New Jersey Coast, Massachusetts coast, Florida, California, at least four new refineries, and renovations to port terminals to handle supertanker shipping instead of using smaller tanker offloading will end this within two years.

[Sax]

Mmmmmm...Light, sweet crude.

[AFPhys]

OPEC is only producing 700,000bbl above their 'quotas' nowadays? Why so little? Usually I think they produce about 2,000,000bbl above their 'quota'.

[zencat]

I believe the Saudis are the only ones with enough excess capacity to pump more at this point. But even then, a 2% increase certainly isn't going to bring oil down into the $25-$30/barrel range. However, the price may stabilize or retract a bit. Seems speculatively high considering the available supply and that demand is being met.

On to ANWR.

[Wiseghy]

I wonder how high the price will have to go before the Dems. consider more domestic drilling and quit blocking even thinking about true and rational energy policy?

If prices keep going up (and $90 is not out of the question) this could be a real loser of an issue for them.

In the meantime, I guess they're content to enrich our enemies; i.e., Saudi, Ven., etc.

[Muleteam1]

Doesn't the price of oil typically go up in the spring when demand goes up? There doesn't seem to be much to look forward to this summer.

Muleteam1

[PureTrouble]

"Light, sweet crude for April delivery rose 35 cents to $55.30 per barrel in afternoon trade on the New York Mercantile Exchange"

Of course we don't buy Light Sweet crude from the ME. The crude is considered Sour (full of sulfur). Light sweet crude is easier to refine then the sour crude.

I hate it when people with no knowledge quote prices from the wrong list.

[MD_Willington_1976]

If the BC government ever gets the balls to do so, there's oil off the coast of British Columbia just waiting to be tap'd...