Iraq invites contractors to drill 40 oil wells

'Iraqi oil minister says OPEC to cut production...'

Robert says:

'American consumers to cut back fuel usage, buy more fuel-efficient vehicles, and go green at home as much as possible...'

In a nutshell, this is how the 'we're going to cut production' game works. OPEC cuts supply, hoping this will raise the price of oil. If you don't fall for this game, and really get ruthless on your gas and energy usage, this is what happens to OPEC:

They LOSE money, because they sell less oil while the price remains fairly stable. And a couple of times of having their noses bloodied like this, and some of the member countries start whining about lower revenues. The next time they think about trying it, it is much more difficult for them to agree.

Park that gas hog and fight back.

We should be getting as much as our own supply as we can. Can't let OPEC dictate prices and supply to us.

Who controls the world's oil supply? It isn't OPEC, even if the supply source is there.

Iraq, which sits on the world's third-largest oil reserves — at least 115 billion barrels — has offered 19 oil and gas fields to international companies for development in two major bidding rounds.

Take a peek at how that oil came under Texas control, it is ExxonMobil's oil.

Simplistic Reality says, in part:

'More oil here means more jobs, more tax revenue, and a more stable oil supply. Unless you all like paying high gas prices when the supply from the sandbox gets interrupted. Time to wake up people.'

There are different measures for 'waking up' that actually WORK and your idea is not one of them.

Clean coal is a myth and offshore drilling is a lie.

You are using 1970's thinking on a 21st century problem. It was the use of oil that got us into this trouble in the first place. The U.S. no longer has the resources either onshore or offshore to even come close to filling the current demand for oil.

The answer has been staring us in the face for a long time. We have to use renewable resources to power our homes, our factories, our cars. Oil is nothing to America but Black Heroin that sucks the amount of the Stimulus out of the U.S. every 2 - 3 years, depending on the current price of crude. And sometimes we have to borrow the money to do this.

It's time to get real and stop worrying about how our country will scratch and fight for the remaining scraps of oil...and MOVE ON.

Those days are OVER. Get used to it.

If the U.S. becomes the leader in green energy, and sets the example, we can also bring our economy back to record levels simply by exporting that technology all over the globe. That is the only way to beat OPEC.

In Simplistic Reality's world, we just keep grubbing and digging and burning until all the black goo is gone...and then we are left with an economy in total collapse and no alternate technology to turn to for answers.

Listen to your President. He wants the U.S. to go completely green, and he is RIGHT. That is real freedom, real prosperity. Anything else is fantasy and blinders.