{"id":624,"date":"2009-03-16T06:16:45","date_gmt":"2009-03-16T06:16:45","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=624"},"modified":"2009-03-16T06:16:45","modified_gmt":"2009-03-16T06:16:45","slug":"our_friends_at_opec","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=624","title":{"rendered":"Our Friends At OPEC"},"content":{"rendered":"<p>According to <a href=\"http:\/\/uk.news.yahoo.com\/22\/20090315\/tbs-uk-opec-9c49c44.html\">Yahoo News<\/a>&nbsp;(UK-Ireland via Reuters), OPEC has agreed to keep oil production at current levels until May (when it will re-evaluate).&nbsp; They have also said that they will closely monitor the limits they have previously put on production to make sure they are followed.&nbsp; This is an interesting story for a number of reasons.<\/p>\n<p>First, President Obama called the Saudis last week.&nbsp; The White House is unwilling to discuss the contents of the phone call.<\/p>\n<p>Second, OPEC is not doing this because they love the western countries that buy their oil&#8211;they are doing this because the worldwide recession has seriously cut the demand for oil, and as the price comes down, the demand will gradually go up.&nbsp; If they cut production further and prices go up, the demand will go down, and they will make even less money than they are currently making.<\/p>\n<p>Third, when oil was at its peak, demand decreased, and America began to talk about offshore drilling and energy independence.&nbsp; Energy independence without offshore drilling is a distant prospect, but with offshore drilling, it is probably attainable within three years (contrary to what the environmentalists have said).&nbsp; The idea of an energy independent America is totally frightening to OPEC.<\/p>\n<p>OPEC needs $100 a barrel oil to properly fund terrorism around the world.&nbsp; It would be nice if that did not happen.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Yahoo News&nbsp;(UK-Ireland via Reuters), OPEC has agreed to keep oil production at current levels until May (when it will re-evaluate).&nbsp; They have also said that they will closely monitor the limits they have previously put on production to &hellip; <a href=\"https:\/\/www.rightwinggranny.com\/?p=624\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-624","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=624"}],"version-history":[{"count":0,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/624\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}