Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Monday, February 27, 2012

Politics, Pandering and Petroleum Prices

Politics, Pandering and Petroleum Prices

Oil prices were up more than $1 per barrel by Friday after the IAEA proclaimed that Iran was ramping up its enrichment activity, continuing a rally that began more than a month ago. Lingering concerns over oil-rich Iran is in part the reason for the rally, which makes its way to the pocket books of consumers by way of higher gasoline prices. However, with campaign season in full swing in the United States ahead of the November presidential elections, it's likely the politicking and speculation are contributing to the energy woes. The U.S.…Read more...

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