OPEC

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Washington: 'Do As I Say, Not As I Do'

Bush asks others to cut back emissions as US bankrolls high-emission projects

(Newser) - While Bush asks others to reduce emissions, Washington is promising to pay for a state-of-the-art oil refinery in India that will pump out 9 million metric tons of carbon dioxide a year. The Los Angeles Times says that this is only some of the smoke covering Washington’s tracks, as...

OPEC Members May Seek More Foreign Funding

Soaring world demand breaks down resistance to international deals

(Newser) - OPEC's new secretary-general says cartel members may be forced to attract more foreign investment to meet the world's expanding oil needs, the Wall Street Journal reports, a reversal of some countries' traditional opposition to cooperation with major Western producers. Oil-rich nations, currently riding high, may find themselves at a disadvantage...

Nothing We Can Do About Those Prices, Says OPEC

It's not us, it's those stingy refiners

(Newser) - Gas prices are soaring, but OPEC says that there's nothing it can do. Historically, the cartel has made big efforts to increase production when prices spike, but not his time, the Wall Street Journal reports. Members of OPEC say that there's plenty of crude being pumped; instead, the price increases...

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