When will the madness end? Gasoline could be around $4.50 per gallon for the national average and certainly will be later this summer when refineries turn their attention to producing #2 home heating oil for the winter. Oil executives were in front of Congress this week to answer questions about why oil has unprecedentedly skyrocketed. [...]
May
22
Oil Breaks the $135 per barrel Ceiling
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May
16
Saudi Arabia Refuses to Increase Oil Production
I guess this comes as no surprise. Why should they? They’re reaping incredible financial rewards and this only stands to go ever higher. Well, hey it is capitalism at its best – or worst – depending on how you look at it. We pay what the market will bear, right? "Saudi Arabian leaders made clear [...]
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