OPEC has taken control

09/17/2001
OPEC has once again taken control over the global oil supply, and natural gas production and distribution cannot meet rising demand at traditional prices. We're in this predicament because decades ago large areas of the US were put off limits to production of oil, gas, and coal for aesthetic, environmental, and economic reasons. Moreover, it was theorized that these reserves should be held for the future when they would be needed more. The reserves are needed now, but the production is not there, and won't be anytime soon.We have not built any new oil refineries in a quarter-century because there is inadequate domestic production of oil reserves. And without end-users to supply, c...
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