Yes, the red line has been crossed
No way Jose, not our problem
Guess TOL needs a course on where the oil flows from? (hint, it ain't Syria)
The Organization of the Petroleum Exporting Countries (OPEC) was founded in Baghdad, Iraq, with the signing of an agreement in September 1960 by five countries namely Islamic Republic of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. They were to become the Founder Members of the Organization.
These countries were later joined by Qatar (1961), Indonesia (1962), Libya (1962), the United Arab Emirates (1967), Algeria (1969), Nigeria (1971), Ecuador (1973), Gabon (1975) and Angola (2007).
From December 1992 until October 2007, Ecuador suspended its membership. Gabon terminated its membership in 1995. Indonesia suspended its membership effective January 2009.
Currently, the Organization has a total of 12 Member Countries.
The OPEC Statute distinguishes between the Founder Members and Full Members - those countries whose applications for membership have been accepted by the Conference.
The Statute stipulates that “any country with a substantial net export of crude petroleum, which has fundamentally similar interests to those of Member Countries, may become a Full Member of the Organization, if accepted by a majority of three-fourths of Full Members, including the concurring votes of all Founder Members.”
The Statute further provides for Associate Members which are those countries that do not qualify for full membership, but are nevertheless admitted under such special conditions as may be prescribed by the Conference.
Heck if I was King for a day (ok decade) instead of pushing stoopid corn to ethanol I'd have the coal industry be granted Tax Free status I'd promote gasification of coal AND build another 103 nuclear power plants to more than double our electric power generation capabilities. This would offset the coal being used for gasification instead of used in electricity production.
My government instead of attacking domestic energy production would PROMOTE it. Every gallon of domestically produced petrol whether from coal or onshore and offshore drilling (I'd let the Canadians with their Athabasca oil sands in on the deal too) would be tax free to the producer and the consumer! And I'd abolish the EPA to boot! My stated goal would be fidy cent a gallon non-EPA messed up gasoline ASAP seriously do ya know how they make em reformate gas now? If auto manufacturers could develop a drivetrain that used turbo-charging to get power and at least 65 MPG I'd let them sell those cars without ANY taxes too! How about 130 octane pump gas going into a car that ran 29 psi boost (2 bar)?
yup elect me and you'll wave good by to the Mid-East if the EU wants their oil let them fight for it America has reached energy independence and the new Mustangs and Camaros have 800+ horsepower too boot (AOG step away from the espresso machine)