OPEC

March 2, 1983 - Socialists And Sandanistas.

March 2, 1983 - Pope John Paul II en route to Costa Rica in an appeal to end fighting in Central America, primarily El Salvador and Nicaragua. Saudi Arabia and Venezuela hint at lowering oil prices to OPEC. Storms batter California, Los Angeles - worst in years. $150BN Social Security bailout approved. Leading Indicator Index figures at 3.6%, biggest jump since 1950. Burlington Vermont re-elects first Socialist Mayor. Iraq attacks Iranian oil fields, claims 5 ships sunk including oil tankers. Funding and arms appeal to Contras proposed on Capitol Hill. Hmm.

Right Blames Obama For Bush's Failure To "Jawbone" OPEC

With U.S. gas prices above the $3 level, the conservative echo chamber is in overdrive. While the Heritage Foundation warns "Obama will make you pay more at the pump" and Americans for Limited Government decries "Obama's war on energy," Brent

Oil Companies Sharing The Pain

While I'm sure this little honeymoon will be short-lived, it certainly is interesting to see the shoe on the other foot: LONDON -- The International