Here we go again, of course !

[Canuck_Buck]

Oil prices rise as OPEC delays production projects

NEW YORK "“ Oilprices rose sharply Monday as OPEC announced member nations will table dozens of planned oil production projects due to falling prices.

Light, sweet crude for March delivery rose $1.35 to $41.52 a barrel on the NewYorkMercantileExchange.

http://news.yahoo.com/s/ap/20090209/ap_on_bi_ge/oil_prices

OPEC Secretary General Abdalla el-Badri said the group would postpone 35 of 150 new oil and gas projects and would likely fall short of its goal to raise production capacity by five million barrels per day by 2012, according to a research note by analyst Addison Armstrong.

.....And all it takes is a reduction of 35/150 projects.....[8D]

Yes the Saudis are our friends....lmao

[Howler]

It's all Bush's fault. It's gotta be!![8D]