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Oil Supply
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Blog

Oil Supply

Whether or not the U.S. should seek the long-term goal of becoming "energy independent" is an open question. But what's germane to our current political situation is whether or not we can.  And right now, the answer is: We can't. At World Politics Review, Peter Kiernan explains. You should read the whole thing, but here are a couple of sharp passages.

04/22/2008
World Socialism Keeps Oil Prices High
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World Socialism Keeps Oil Prices High

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In a forward-looking commentary in today's Washington Times, Richard Rahn explains the distorting factors in the global petroleum market; namely that there are too many inefficient governments in control of oil resources.   Rahn writes:

11/05/2007
PetroChina Valued at a Trillion Dollars
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PetroChina Valued at a Trillion Dollars

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While many in the U.S. Congress spend their days vilifying American energy companies, our foreign competition continues to expand. The latest: the hugely popular IPO of PetroChina, a massive state-owned firm that is now selling shares on several world stock exchanges.

11/04/2007

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