Thursday, February 02, 2006

Fall Out from the Big Speech

These are comments from Gene Inger, a thoughtfully long winded, but mostly accurate analyst. Thanks to my brother Dortch for these comments, cut and pasted from Inger's newsletter.

There is a significant 'flap' developing with OPEC, as the Organization of Petroleum Exporting Countries today warned that President Bush’s proposal to reduce much US dependence on Middle Eastern oil could badly jeopardize needed investment in Gulf oil production and refining capacity. Gee, well they should have been accommodative to the needs of the United States in many aspects over recent years and appreciative of the sacrifices the U.S. made for them not only in the region, but in the Balkans too.

No comments: