The oil resource grows

04/10/2000
The discouraging politics of oil prices clouds the encouraging science of potential supply. Oil and gas companies must not let good supply news smother in price malarkey.Thanks to a late-March agreement by members of the Organization of Petroleum Exporting Countries to raise production quotas, the price of crude oil is subsiding. By the time the group made its necessary adjustment, however, US politicians were in action, proposing everything from a federally funded heating-oil hoard in the Northeast to an antitrust lawsuit against OPEC. Coming as it did in an election year, the price bump will join a ridiculous list of political arguments against use of petroleum.Thanks to science, howeve...
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