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Friday, February 24, 2012

West Texas Intermediate Crude: $107.88


Don't let anyone tell you the spike in oil is just about tensions in the Middle East. The lack of supply from Iran (Thanks to a U.S. financial blockade against Iran) is impacting the price of oil some. But the climb in oil started before the recent escalation in tensions. Bernanke money printing is the primary causal factor.

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1 comment:

Anonymous said...

We don't get oil from Iran!