People talk as if OPEC has the world on a choke chain when in reality the OPEC member countries are at the mercy of the world market due to the fact that oil is all they got, look at Venezuela, Chavez ruined the countries infrastructure system and missed out on the largest oil boom in history while the rest of OPEC were struggling to maintain their production targets. China has shale gas and they will exploit it when they get their infrastructure in place, they don't have as much as the US but still plenty to stymie or drive down world oil prices. Texas would gain absolutely nothing from joining OPEC because Texas is not a third world country with a one fuction economy, if Texas oil producers need or want to regulate their oil market they just shut in wells, the same thing that happened prior to the last big run up in price.
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Today's Featured Article - The David Brown Rose Badge - by Samuel Kennedy. In the 13th century civil war was raging in England. Two English noblemen were involved in a conflict which became known as the War of the Roses. The Duke of York had as his emblem a white rose and the Earl of Lancaster had a red rose. Today the white rose is the official emblem of the county of Yorkshire and the red rose has been adopted by the neighboring county of Lancashire.
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