tuned next week for the official U.S. government word on diesel
prices - but consider two somewhat stabilizing factors:
No other OPEC nation joined Iraq's 30-day boycott; and
the rebellion in Venezuela this week is expected to result in
increased oil production.
oil prices fell Friday and speculation is that Venezuela would
increase oil production under the new regime. Former President
Hugo Chavez resigned last week after political unrest and strikes
at the state-owned oil company.
Republican supporters of drilling in the Arctic National Wildlife
Refuge (ANWR) proposed Friday using royalties from the ANWR
lease to pay pension benefits for steel workers.
would make it hard for some anti-drilling Democrats to vote
against helping their constituents, the reasoning goes.
Senate Majority Leader Tom Daschle (D-SD) said the effort amounted
to a "desperation move." Even if drilling in ANWR
is defeated in the Senate, it's part of the House-passed
energy bill last year and will be considered during House-Senate