Market supplied with enough oil, OPEC official says: Financial News - Yahoo! FinanceSo - why aren't we drilling, and building refineries?TEHRAN (Reuters) - The oil market is supplied with enough crude and OPEC is not under pressure to raise output, the group's secretary-general was quoted as saying on Saturday during a visit to Iran.
"Oil supply to the market is enough and high oil prices are not due to a shortage of crude but rather it is because of the decrease in the dollar's value, shortage of refinery capacity and some political tensions in the world," OPEC Secretary-General Abdullah al-Badri was quoted as saying by Iran's official IRNA news agency.
(Perhaps because the Dems would rather see the economy wrecked than let Republicans solve the problems we have?)
Just a thought.
J.