Oil Prices Settle at Record, Above $70 - Yahoo! News: "ABN Amro broker Lee Fader said the trigger for Monday's rally was 'heightened fear about military action' against Iran, which has said it would go ahead with plans to enrich uranium, defying the United States, Europe and United Nations nuclear experts. Iran says its nuclear ambitions are peaceful, but the West fears the country is intent on arming itself with nuclear weapons.
'If somehow this got resolved diplomatically,' Fader said, 'that would definitely take a few dollars off' the price of crude oil."
How odd eh? The oil administration's push for war is increasing oil prices now. How convenient.
'If somehow this got resolved diplomatically,' Fader said, 'that would definitely take a few dollars off' the price of crude oil."
How odd eh? The oil administration's push for war is increasing oil prices now. How convenient.
