Sunday, April 03, 2005

More Great News for Big Oil, and the Arabs

Well, bad news for us as the price per gallon cranks on up to three bucks here. Halliburton, W, Rove and Co. family members all win big when we pay more for gas.

This is another reason to green, clean, lean and mean on the fossil fuel industry.

As another blogger would stipulate - reduce, reuse, and recycle.


By Joanne Collins MELBOURNE (Reuters) - Oil prices raced to a new all-time peak on Monday, climbing toward $58 a barrel as OPEC signaled it would discuss a second output rise to try to quell the market's relentless rally.

U.S. light crude hit a record $57.79 a barrel, surpassing Friday's high of $57.70, which was triggered by a forecast that prices could spike above $100 due to robust global demand and tight spare capacity.

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