Are these two stories linked in some way?
Senate Votes for Oil Drilling in Alaskan Refuge
The U.S. Senate on Wednesday voted to keep, in a broad federal budget legislation, the language that would open Alaska’s Arctic National Wildlife Refuge (ANWR) to oil drilling.
OPEC OKs 500K Barrel Daily Output Boost
Looking ahead to strong demand next winter, OPEC ministers on Wednesday agreed to start pumping an extra half-million barrels of oil a day within two weeks and held out prospects of a similar boost later if needed.
Nah…. The oil sheiks don’t have any contacts in the halls of Congress, do they?
agreed to start pumping an extra half-million barrels of oil a day
We in the business always like to see the OPEC’ers raise their quota. Todays closing prices…..UP $1.40/bbl.
Comment by Wallace-Midland Texas — March 16, 2005 @ 3:34 pm