I have read in the past that everytime Iran shoots off a missile or threatens to push Israel into the sea, the pice of oil goes up.
Recently, some dude over Pat Dollard, as well as, Hot Air claimed that oil dropped a record $9.00 due to Bush lifting the Executive ban.
Now the Fed has freed up 4 million acres in Alaska. Will it have an impact on the price of oil, or is this all B.S. and nobody really knows what is going on? Namely, me.
1 comment:
The recent drop in oil prices happened after Bush made his declaration. Proving cause and effect is another case. There are so many variables involved in what determines the price of a barrel of oil, that its usually not one thing.
When Iran did its weak muscle flexing, the price of oil closed up about 1 penny.
The timing of the drop in oil prices that followed Bush's declaration is a gift for sure.
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