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Printing more money to bail out Greece, make our dollar worth even less.
Oil is traded in US dollars, so the oil barrons know devalued money, is going to take more of it to buy a barrel.
Sanctions against Iran, already limited the supply to Europe.
Nothing has changed there, but the talking points to make it seem like Iran saying they are not going to supply Britain and France, when sanctions already stopped that long ago.
Printing more money to bail out Greece, make our dollar worth even less.
Oil is traded in US dollars, so the oil barrons know devalued money, is going to take more of it to buy a barrel.
Sanctions against Iran, already limited the supply to Europe.
Nothing has changed there, but the talking points to make it seem like Iran saying they are not going to supply Britain and France, when sanctions already stopped that long ago.
Britain and France reduced their oil imports from Iran by a meagre 7%.
Improving economies are the reason for the rise in the price of oil.
Oil prices are determined by the industry to maximize profit by controlling supply. That is the operating method started with Standard Oil and has never stopped. All this "political" nonsense is just a cover up for the basic policy. Political restrictions on Iran's exports are punishment for not being willing to follow the Cartel's commands in the past. Unrestricted Iranian exports would probably drop the price of crude to under $50 a barrel.
Oil prices nothing to do with the Greek bailout which is a contrivance internal to the EU. The bankers should have realized their “loans” were actually “investments” that were not meant to be paid back. Ever.
This winter has been milder than predicted. Fuel oil use is way down % wise.
Yes, imagine if it had been a cold winter and the government had to provide all it's dependents heat this past season?
Well -- the liberals will defend $5 gas prices and claim it has to do with the wonderful Obama economy. And they'll defend $6 a gallon milk prices the same way but it doesn't matter for the half of the population on the dole what the prices become, they don't pay for anything.
I'm looking forward to seeing how Gingrich will wave his magic conservative wand when he is in office and turn $4 / gallon gas into $2 or less.
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