http://blog.pacific-recycling.com Wed, 14 Jul 2010 17:27:06 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 http://blog.pacific-recycling.com/2008/09/10/the-oil-supply-trump-card/ http://blog.pacific-recycling.com/2008/09/10/the-oil-supply-trump-card/#comments Wed, 10 Sep 2008 07:15:20 +0000 admin http://blog.pacific-recycling.com/?p=6 Just when we begin to see a little relief at the pump,in steps OPEC to make sure the high prices are here to stay. As I calculate it, we would need to cut our consumption as a country by over 25% to convince OPEC that it makes economic sense to let the prices drop to close to $3 per gallon. Otherwise, they will feel that keeping the price of oil above $100 a barrel is the most profitable for them. We really do need to get out from under their iron fist – or oil fist as it might be.

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