September 11th, 2007

Oil at all time high; nobody knows why

Posted in Mideast & Oil by ed

OPEC yesterday raised its production outputs, which one would expect to depress oil. Instead it is rocketing higher, two days in a row now. The pundits are all mystified. Esp when natural gas is near all-time lows. The disparity between the two (oil and gas) is very unusual.  US military stockpiling ahead of an enlarged mideast war?

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