'Strong Possibility' Gas Will Rise to $4
For the past two weeks, Iran has not just been holding 15 British soldiers captive; it's been holding the world's oil markets hostage, too.
"There's been a $5 or $6 premium that's been built into the price of oil over this," said Phil Flynn, vice president and energy analyst at Alaron Trading. "Even though this crisis has ended, the oil market is still on guard that the tensions in the Middle East are going to continue."
ABC News Report
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19 comments:
Summer Lovin' having some fun...
Summer Lovin' right in the sun...
Milk them Dry Mortimer...
You got it Randolph...
Those big oil execs should be ashamed of taking $400 million for retirement!
s-q,
Nope, they feel justified in having that s-q...
Talk about easy money...
Meanwhile the Shieks at Opec are doing it too...
Fake Oil Crisis = Record Profits for everyone!
Lord knows if Ahmadinejad gets a hangnail and screams 'Yallah...
That'll shoot up Gas to 10.00 at the pump and Big Oil will light their Havana sweets and laugh...
GEF:
We're in the wrong business! LOL
Seriously, though, I wouldn't be in that business because I couldn't rip off the people!
GEF:
The Saudi King seems nervous and not himself lately.. since he and Darth Cheney met a couple of months ago...
s-q,
Yep, I couldn't sleep nights thinking some poor family just barely making it is having to do without because of high Gas prices...
All so I can splurge on another useless high end gadget or yet another Diamond bracelet for the wife that she'll probably only use once.
How can people live with themselves ?
s-q,
I know exactly what's wrong with the King s-q..
The King knows that no matter how many US troops that pour into Iraq, they can't contain the deaths...
If the Americans leave, the Sunni and Shia Muslims Civil war will spill over into Saudi Arabia and the rest of the Middle East.
If the Americans stay, that fuels the Civil War even more because it's the Iraqis that don't want us there.
Catch 22, US is Trapped and the King is worried!
How can people live with themselves ?
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GEF:
They have no conscience..
The King knows that no matter how many US troops that pour into Iraq, they can't contain the deaths...
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GEF:
Yes, and I'm sure the King is under pressure from other Middle Eastern countries to stop this nonsense. It has escalated beyond belief!
s-q,
It's already pitting sentiment on both sides against each other s-q...
Sunni Muslim against Shia Muslim!
The Sunnis and the Shias have been striving for a long time for dominance but gerbil ignited a low grade powderkeg into a million acre blazing fire with multiple backdrafts...
Imho, It's just begun s-q!
Imho, It's just begun s-q!
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GEF:
I hope you are wrong on this! Yikes!
Man, I paid 2.71 a gallon today. What the hell?
I see your referring to Lee Raymond of Exxon Mobil.
GEF You sound exactly like me again LOL!
I've posted many times that a war with Iran could drive gas to $10 a gallon and oil to $300 a barrel and essential destroy our economy and way of life thats why it is so important to impeach the Idiot in Choef before he destroys our country beyond repair.
Well angryman I paid $2.95, and that's in Oregon where we're noted for our poverty, sadly the prices of groceries are following close behind. Tuna and noodles anyone?
I'm not mad about this...just mighty cranky...}:
Geezer:
$2.95 is outrageous! Geezz... the economy in Oregon can't support that!
I've posted many times that a war with Iran could drive gas to $10 a gallon and oil to $300 a barrel
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Mike:
If Darth and Dumbyeah continue to p*ss off the King it will come to that! Yikes!
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