The propaganda battle continues over gasoline prices, this time on the worldwide level.
An interesting piece by Sky News reveals something we hear very little about in America: OPEC’s discomfort with the current price of a barrel of oil. It’s a report that only oil speculators would find objectionable.
From the other side of the fence comes this Slate piece by Robert Bryce which offers up the uncomfortable notion that $4 a gallon isn’t enough for gasoline. In the spirit of full disclosure, though, it should be noted that Bryce is the managing editor of Energy Tribune, which includes helping “you make money in the energy business” among its stated missions on its Web site.
It’s no doubt accurate to assume that since the industry’s got its hands wrist-deep in our pockets, it’s not going to be easy to get those hands out – back to those fond days when gas was, say, $2.50 a gallon.
But for the short term, is Sky or Bryce correct?