Public Policy Matters
Rational Public Policy with Common Sense requires a well informed and engaged public. Apathy and indifference won't keep us safe or secure.
June 28, 2025
Rational Public Policy with Common Sense requires a well informed and engaged public. Apathy and indifference won't keep us safe or secure.
June 28, 2025
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OPEC was waning. Soon it may be more powerful than ever
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Contributor's comments:
CNN Reports:
London (CNN Business)The year before Covid-19 hit, the United States became a net exporter of energy for the first time since 1952, sending a strong message to the rest of the world: The country would not be beholden to foreign oil producers.
But with demand for crude surging as the impact of the pandemic fades, that no longer feels like the case. OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies like Russia, is once again flexing its muscle. The group's refusal to accede to US President Joe Biden's calls to boost output — a move that would have helped ease upward pressure on gasoline prices — precipitated the decision by the United States and other major energy-consuming nations last week to tap strategic oil reserves.
Click to learn more: (opens in a new tab)
https://edition.cnn.com/2021/12/02/energy/opec-market-power/index.html
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OID: 1638429769 @ 12.02.21 07:22:49 (offset server time)
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Copyright (c) 2009-2025
Home | General Survey | Community Survey | Issues
Groups | Classifieds | Coffee? | Search | OpEd | News
Articles, Columns and Links
Private Benefit Trust welcomes articles, contributions, and links from local journalists, writers, and contributors
Sort by: area | title | recent Or: add or suggest an article
OPEC was waning. Soon it may be more powerful than ever
view | edit | list | share
Contributor's comments:
CNN Reports:
London (CNN Business)The year before Covid-19 hit, the United States became a net exporter of energy for the first time since 1952, sending a strong message to the rest of the world: The country would not be beholden to foreign oil producers.
But with demand for crude surging as the impact of the pandemic fades, that no longer feels like the case. OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies like Russia, is once again flexing its muscle. The group's refusal to accede to US President Joe Biden's calls to boost output — a move that would have helped ease upward pressure on gasoline prices — precipitated the decision by the United States and other major energy-consuming nations last week to tap strategic oil reserves.
Click to learn more: (opens in a new tab)
https://edition.cnn.com/2021/12/02/energy/opec-market-power/index.html
Share!
OID: 1638429769 @ 12.02.21 07:22:49 (offset server time)
edit | list articles | add or suggest an article
click here to add your argument or comment (for or against this position)
Are you part of the problem?
News Matters
Home | Contact Us | PBR Development
Copyright (c) 2009-2025