{"id":42213,"date":"2020-04-13T02:41:48","date_gmt":"2020-04-13T02:41:48","guid":{"rendered":"https:\/\/highplainsblogger.com\/?p=42213"},"modified":"2020-04-13T02:41:48","modified_gmt":"2020-04-13T02:41:48","slug":"opec-to-cut-production-get-ready-for-a-price-increase-at-the-fuel-pump","status":"publish","type":"post","link":"https:\/\/highplainsblogger.com\/?p=42213","title":{"rendered":"OPEC to cut production; get ready for a price increase at the fuel pump"},"content":{"rendered":"\n<div class=\"twitter-share\"><a href=\"https:\/\/twitter.com\/intent\/tweet?hashtags=OPEC%20%23oilprices%20%23windenergy%20%23alternativeenergy%20%23solarpower%20%23pandemic&#038;via=jkanelis\" class=\"twitter-share-button\">Tweet<\/a><\/div>\n<p><a href=\"https:\/\/highplainsblogger.com\/wp-content\/uploads\/2020\/03\/oil-price-war-ptj-news.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-41974\" src=\"https:\/\/highplainsblogger.com\/wp-content\/uploads\/2020\/03\/oil-price-war-ptj-news-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/highplainsblogger.com\/wp-content\/uploads\/2020\/03\/oil-price-war-ptj-news-300x200.jpg 300w, https:\/\/highplainsblogger.com\/wp-content\/uploads\/2020\/03\/oil-price-war-ptj-news.jpg 750w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>As a red-blooded American consumer of goods and certain commodities, I cannot endorse a nearly 10 percent reduction in the production of petroleum products.<\/p>\n<p>You see, I am one of those Americans who has no problem watching the price of automobile fuels plummet. I looked today at the price of gasoline and diesel in Princeton, Texas, and saw the gas price at $1.41 per gallon, with the price of diesel at $2.11.<\/p>\n<p>Not bad, eh?<\/p>\n<p>The plummeting fuel prices are a result of the coronavirus pandemic. Motor vehicles are becoming a rare sight on our streets and highways. Businesses are shuttered. Employees have lost their jobs. The economy is tanking.<\/p>\n<p>Are we supposed to be salute OPEC and other oil-producing nations &#8212; including the U.S. of A. &#8212; for enacting a policy that is going to bite a bit more deeply into our budgets? I won&#8217;t do that.<\/p>\n<p>I&#8217;d rather take the longer view.<\/p>\n<p>I would prefer to see fossil fuel companies reinvest their still-substantial largesse into <em>alternative energy sources<\/em>. I am a bigger fan of renewable energy &#8212; wind, solar and hydropower &#8212; than I am in depleting fossil fuels, which I hasten to add is a <em>finite<\/em> resource.<\/p>\n<p>Donald Trump hailed the reduction in output as a boon to the oil industry. I guess it is. However, we are going to pay a price farther down the road as we continue to guzzle this resource and, dare I say, <em>pollute<\/em> the air we breathe.<\/p>\n\n<div class=\"twitter-share\"><a href=\"https:\/\/twitter.com\/intent\/tweet?hashtags=OPEC%20%23oilprices%20%23windenergy%20%23alternativeenergy%20%23solarpower%20%23pandemic&#038;via=jkanelis\" class=\"twitter-share-button\">Tweet<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>As a red-blooded American consumer of goods and certain commodities, I cannot endorse a nearly 10 percent reduction in the production of petroleum products. You see, I am one of those Americans who has no problem watching the price of automobile fuels plummet. I looked today at the price of gasoline and diesel in Princeton, &hellip; <a href=\"https:\/\/highplainsblogger.com\/?p=42213\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">OPEC to cut production; get ready for a price increase at the fuel pump<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[1781,9305,3418,4305,5272],"class_list":["post-42213","post","type-post","status-publish","format-standard","hentry","category-environmental-news","tag-fossil-fuels","tag-hydropower","tag-opec","tag-solar-energy","tag-wind-energy"],"_links":{"self":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/42213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42213"}],"version-history":[{"count":1,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/42213\/revisions"}],"predecessor-version":[{"id":42214,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/42213\/revisions\/42214"}],"wp:attachment":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}