Oil Prices Soar – OPEC “Helpless”

Yeah – poor OPEC. These guys are hard at work trying to control the price for their precious black gold, so that people in Minnesota can afford to heat their homes. Yet, it’s out of their hands. sorry! They are pumping like mad, there is nothing else they can do, Reuters.com reports:

With its output already near a 25-year high, OPEC is stretched to meet rapidly rising demand, leaving investors betting that oil’s bull run has further to go.

“It’s not in our hands, prices are determined by the market,” said UAE Oil Minister Mohamed al-Hamli.

I guess they are going to have to buy bigger money trucks…

In the meantime, I really need to get serious about building a biodiesel reactor and making homebrew biodiesel for my Jetta TDI.

Comments are closed.