$200 a barrel of oil? Don’t bet on it

moneyweek.com     May 21, 2008            

As the oil price headed for $130 a barrel last week, George Bush headed to Saudi Arabia looking to squeeze some more barrels out of Saudi King Abdullah Al Saud. But given that Saudi Arabia produced 350,000 barrels per day less in January and February than its average level in 2005, that hardly... [read full story]                

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Lower US oil prices not a pathway to less reliance on imported oil (The Barrel oil blog)

platts.com     May 21, 2008          

The New York Times, in an editorial published today, characterized President Bush's request for more oil from Saudi Arabia as unseemly special pleading. "The next president is going to have to do a lot more more to reduce America's consumption of fossil fuels and its dependence on the Saudis,"...                

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FREE PRESS CARTOONIST MIKE THOMPSON: Foul language

freep.com     May 21, 2008          

Notice something missing from the national discussion on oil prices? Amid all the talk of drilling in ANWR, blaming the Saudis, blaming Big Oil and blaming the growth of the Chinese economy for oil reaching record prices, the word "conservation' seems noticeably absent. I did a Google news search...                

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Raymond J. Learsy: New Highs for Oil, Saudi Crocodile Tears, Ecuador's Elegance

huffingtonpost.com     May 21, 2008          

300,000 Barrels a day. Pointedly not responding to President Bush, but to "50 countries worldwide" intoned Saudi Oil Minister al-Naimi. This while Prince Saud al-Faisal observed "The president showed great concern for the impact on the American economy" adding, one can well imagine through...                

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Henry Blodget: $130 Oil Clinches It: Bush Really Is The Worst President Ever

huffingtonpost.com     May 21, 2008          

As Congress holds panicked hearings to figure out what to do about the oil crisis--and, yes, it's now a full-blown crisis--it's worth stepping back and asking who really is most to blame. The answer shouldn't surprise anyone: George W. Bush. A Gore administration would have had to go far...                

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Henry Blodget: $130 Oil = Bush Really Is The Worst President Ever

huffingtonpost.com     May 21, 2008          

As Congress holds panicked hearings to figure out what to do about the oil crisis--and, yes, it's now a full-blown crisis--it's worth stepping back and asking who really is most to blame. The answer shouldn't surprise anyone: George W. Bush. A Gore administration would obviously have had to go...                

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Oil executives defend size, profits before Senate

inthedays.com     May 21, 2008          

WASHINGTON - Senators told oil executives Wednesday that high oil prices cannot be explained by supply and demand and the oil industry’s concentration — and OPEC price collusion — is contributing to the costs facing consumers. Days of Noah “The earth also was corrupt before God, and the earth was...                

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It's not our fault, oil execs tell Senate

cnn.com     May 21, 2008          

Big Oil execs testified before the Senate Tuesday, saying high oil prices were largely out of their control and more drilling in the U.S. is needed. Amid increasing public outcry over record-shattering oil and gas prices, senators on Wednesday hauled industry executives in to testify about the...                

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CNN - Oil Execs: Record Prices Not Our Fault

ksat.com     May 21, 2008          

Amid Rising Outcry Over Record-Shattering Oil And Gas Prices, Senators Hauled Company Executives In To Testify Today About What's Behind The Increases. The Executives Said The Fundamental Reasons Are Largely Out Of Their Control, CNNMoney.com Reports.                

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Drill Here, Drill Now, Pay LESS

xerraireart.com     May 21, 2008          

As the House passes bill to sue OPEC, (Is this the best those liberal democrats can do?), Oil hits $132 a barrel, and Obama tells us to do with less, Newt Gingrich emailed me with another thought: Drill Here Drill Now Pay Less He continues: Last week, liberals in Congress voted for the equivalent...                

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Peak Oil: While Washington Sleeps... (at Seeking Alpha)

yahoo.com     May 21, 2008          

by: Michael Fitzsimmons posted on: May 21, 2008 | about stocks: It seems like every week I write another article pertaining to energy for Seeking Alpha. So, with respect to economics and the markets, this work continues to lead me straight back to oil and energy. As Boone Pickens opined on CNBC...                

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