OPEC
Gasoline at under $3 a gallon may seem like some sort of miracle to Americans. Yet in some locations—including the Mid-Ohio Valley—it already can be found at that price. Not for long, if OPEC has its way. Officials of the oil cartel have announced plans for an emergency meeting to “stabilize” petroleum prices. That’s code for stopping the downward slide. It needs to be remembered that the current price level of gasoline is unusual. In 2001, for example, oil was selling for around $25 a barrel. OPEC’s concern about “low” prices came as it had dropped from more than $100 a barrel to about $78. In other words, OPEC countries aren’t suffering. Even at $78 a barrel, they are raking in the cash. Meanwhile, many other countries are in the throes of an economic slowdown—brought on, in part, by high energy prices. The smart, not just compassionate, thing for OPEC to do would be to let oil prices remain at current levels until the economies of many nations have had time to recover.
» Full StoryExpensive
Not so long ago, it was possible to buy an entire year’s worth of college textbooks for what one required volume can cost now. Books priced at $100 are common. Those costing $200 or more are far from rare.
That’s outrageous.
In Season
Most West Virginians who drive don’t have to be told that deer present a hazard along the road.
» Full StoryAnother movie slanders state
The late Ernie Davis was a gifted athlete, and by all accounts, a wonderful human being and gentleman.
His story is one that has long needed to be told.
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Thumbs Up
To 2007 Belpre High School graduate Eric S. Deems for his opportunity to spend time with GOP presidential candidate Sen. John McCain. Deems, now a student at Belmont University in Nashville, Tenn.
Blame Game
Leaders of several foreign governments are placing blame for a global financial crisis squarely on the United States. They are demanding that our country take action to resolve not just the current crisis, but also to avoid another one in the future.
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