02-25-2012, 02:10 AM
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#11 (permalink)
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A True Z Fanatic
Join Date: May 2011
Location: Süd Germany
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Quote:
Originally Posted by Gauge
I'm not trying to start a political debate. And I encourage people not to. But I just want to point out, while America has had a ban on Iranian oil for some time, a lot of other countries have not.
The Iranian oil sanction doesn't directly raise U.S. gas prices, but it does drive demand for other source in countries that do use Iranian oil, which in turn raises international oil prices, which raises our prices.
Just don't be so quick to blame big oil every time  They are responsible for a lot, no doubt, but not every time is their fault :P
Also filled up at 3.83 here tonight with 91(crappy, wish I had better in my area) |
+1 typical market reaction to perceived supply potential disruption. Plenty of oil floating around. Love the speculators. Buy low and sell hi baby! 
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