Venezuela, Iran, are quoted.
Since crude surged to a record $147.27 a barrel on July 11, it has tumbled more than $40. Over the summer, OPEC resisted calls by the U.S. and other Western nations for more oil. Oil ministers, however, blamed speculators and a weak U.S. dollar for crude's rise. "prices remain 14 percent higher this year than in 2007, and a barrel of benchmark crude still fetches 4 times as much as 5 yrs ago" |
Read the rest of the story HERE:
At my.earthlink.net
Margaret Bassett passed away August 21, 2011. She was a treasured member of the Opednews.com editorial team for four years.
Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.
