Sunday, June 22, 2008
Thanks Saudi princes!
Can we kiss your ring? Or do whatever is proper over there? Seriously, I hate paying $4 for a gallon of gas.
CNN reports that Saudi Arabia (our oil friend, for now) has increased its daily production by 700,000 barrels.
I could use some of that. So gas will go to, what, $3.95 a gallon now?
Isn't it great being a slave to oil? Sam Bodman, our man in D.C., says supply hasn't kept pace with demand. President Bush says America's reliance on oil will continue "in the short run."
Have you heard the new Big Oil advertising blitz? We should be excited about the record profits they're raking in, because most mutual funds include substantial oil investments.
Got a 401K? You're Big Oil, too. Just don't drop by at our mansions.
Saudi will increase oil output to cut prices - CNN.com