During the recent spike in oil prices the members of the OPEC Cartel saw an interesting phenomenon reinforced. Oil Consuming nations are willing and seemingly able to pay increasingly higher prices for oil.
Now that demand has lessened for oil and oil prices have returned to more moderate levels, it seems OPEC plans to hold a meeting of its members and make a decision to reduce oil production in to prevent oil prices from continuing their current downward trend.
I want to thank the members of OPEC for being greedy and showing the world their true colors. Perhaps your greed will be like a cold dose of reality. Maybe more Americans will wake up to the fact that when one is dependent on a substance, be it oil, or drugs, and a cartel controls the supply, price is a matter of how greedy the cartel wishes to be. The brutal truth is a cartel will gladly hike its prices as the substance it controls becomes in shorter supply or the consumer becomes more and more addicted; OPEC is no different.
The conference for Advancing Renewable Energy is being held in St. Louis on October 10-12. USA Energy Independence is proud to be a sponsor of this event. Members of our staff look forward to listening to the speakers and interviewing some of them. Some leading companies will be exhibiting at the conference and we plan to visit their exhibit booths, as well talk with other attendees.
We will then post what we heard, saw and learned on www.usaenergyindpendence.com in order to provide our visitors with information about what is going on in the quest for Advancing Renewable Energy. We believe it is activity such as advancing renewable energy that will reduce this nation’s dependency on the OPEC Cartel and move us closer to USA Energy Independence.
Keith Sanderson
Cofounder USA Energy Independence
President and Editorial Director
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