They're trying to say Iran's moves could jack up prices....BULLSH!T
Our Navy would have the Straits opened back up in a few days,
Second, the Saudis already said they would step up production to make up for any Iranian losses.
This is a public relations article by investment banks getting ready to jack up prices...they should go fvck themselves.
http://finance.yahoo.com/news/oil-price-skyrocket-iran-closed-142205272.html
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a commenter wrote: My one question is WHY???? Since only a small percentage of oil would be effected and the shutdown if it occurs would only be a couple a day at the best, then why would there be a spike. We keep getting told that when the cost of oil goes down, it takes a while to feel it at the pumps. WHen the price goes up, however, it is felt at the pumps immediately. This is even though the oil in the tanks at the gas stations was purchased at a lower price. I think this needs to be investigated. Call your congressman and/or senator and ask them that question.
Our Navy would have the Straits opened back up in a few days,
Second, the Saudis already said they would step up production to make up for any Iranian losses.
This is a public relations article by investment banks getting ready to jack up prices...they should go fvck themselves.
http://finance.yahoo.com/news/oil-price-skyrocket-iran-closed-142205272.html
________
a commenter wrote: My one question is WHY???? Since only a small percentage of oil would be effected and the shutdown if it occurs would only be a couple a day at the best, then why would there be a spike. We keep getting told that when the cost of oil goes down, it takes a while to feel it at the pumps. WHen the price goes up, however, it is felt at the pumps immediately. This is even though the oil in the tanks at the gas stations was purchased at a lower price. I think this needs to be investigated. Call your congressman and/or senator and ask them that question.