Two inter-connected stories. What happens when the bush administration actually attacks Iran? Oil goes to what, 200 a barrel? More? What happens then to food prices? I wonder if they won’t be happy until this country is completely destroyed.
Oil prices surged past $143 a barrel for the first time ever Monday, and the price for a gallon of gas hit an all-time high in the United States.
Supply concerns and a fragile global economy continue to drive the price of oil to new highs, as well as continued tensions in the Middle East.
"The main factors behind the rise today are the U.S. dollar remains fragile and geopolitical tensions, particularly surrounding Iran," said David Moore, a commodity strategist at the Commonwealth Bank of Australia in Sydney. "That's unsettling for the oil market."
Over the weekend, Iran's Revolutionary Guards warned that Tehran would respond to an attack against it by barraging Israel with missiles and controlling a key oil passageway in the Persian Gulf.
http://money.aol.com/news/articles/_a/oil-prices-pass-143-a-barrel-us-gas-hits/n20080630083909990028
PREPARING THE BATTLEFIELD
The Bush Administration steps up its secret moves against Iran.
http://www.newyorker.com/reporting/2008/07/07/080707fa_fact_hersh
Oil prices surged past $143 a barrel for the first time ever Monday, and the price for a gallon of gas hit an all-time high in the United States.
Supply concerns and a fragile global economy continue to drive the price of oil to new highs, as well as continued tensions in the Middle East.
"The main factors behind the rise today are the U.S. dollar remains fragile and geopolitical tensions, particularly surrounding Iran," said David Moore, a commodity strategist at the Commonwealth Bank of Australia in Sydney. "That's unsettling for the oil market."
Over the weekend, Iran's Revolutionary Guards warned that Tehran would respond to an attack against it by barraging Israel with missiles and controlling a key oil passageway in the Persian Gulf.
http://money.aol.com/news/articles/_a/oil-prices-pass-143-a-barrel-us-gas-hits/n20080630083909990028
PREPARING THE BATTLEFIELD
The Bush Administration steps up its secret moves against Iran.
http://www.newyorker.com/reporting/2008/07/07/080707fa_fact_hersh