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On 08/03/2012 4:41 PM, X ` Man wrote:
Have Oil Speculators Already Priced In War With Iran? By Matthew Philips on March 07, 2012 The last time the price of Brent crude closed below $100 a barrel was Oct. 6, 2011. It’s since gone up nearly 30 percent, to a high of $126.20 on March 1. Tensions over Iran’s nuclear program have people spooked that a potential attack would disrupt the country’s 2.2 million barrels of daily oil exports. And so money has been pouring into oil futures contracts, driving up the price without any significant change in the underlying supply-and-demand fundamentals. Only the threat of one. So who’s buying? Actually, Iran isn't refusing to ship oil for a fair price. USA has made it illegal to pay Iran a fair price. Why should Iran ship oil to countries unable and unwilling to pay in a currency they can use? On this subject I hear 0bnama's rant, but his feet go another direction. Just looking to provoke a war to save his political-economic ass. -- Corrupt USA, Euro Bank and Military Regime, funding both sides of terrorism for profit and debt-tax slavery. |
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