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Old 01-29-2006   #19
Onefast99gsx
 

Join Date: Sep 2004
Location: Wisconsin
Posts: 1,411
Re: $262/barrel Oil

I agree. Bush has nothing to do with it. Actually oil companies have very little to do with it. It has alot to do with the Investors on Wall Street. Now if Iran cuts off their supplies, that's a whole other story. If you look at the chart in the link below, you'll see that Iran is #4. It would be extremely hard to make up for that loss, demand would have by far exceeded supply. So the people to blame for high oil prices are the investors and the reasons for supply shortages in the first place. The analysts that try to predict when the world oil supply with fade, don't help matters either. That just makes the market investors jumpy and cause the barrel price to rise.

http://www.infoplease.com/ipa/A0922041.html
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