The IUSB Vision Weblog

The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

OPEC Lowers Production to Raise the Price of Crude Oil (and your gas prices)

Posted by iusbvision on September 10, 2008

OPEC – the Organization of Petroleum Exporting Countries. It includes most of the world’s oil exporting countries; Algeria, Angola, Ecuador, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela.

Today OPEC announced that the price of oil is at risk of falling below $100.00 a barrel so they are cutting back production to get the price up and make you pay more. That oil costs them between 2-4 dollars a barrel to pump.

What does Luke Puckett, candidate for Congress in our district have to say about this?

Just recently Luke wrote this column about the issue and we suggest that everyone read it.

The video’s are fun to watch :-)

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