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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