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Mon, 05 Mar 2012 16:00
Crude Oil and the Winds of War
Author: unknown
Date: Mon, 05 Mar 2012 16:00
Date: Mon, 05 Mar 2012 16:00
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After spiking above $110, the price of a barrel of crude oil receded sharply on Friday, suggesting that the winds of war had abated, if perhaps only temporarily. Oils ups and downs seemed to track Obama’s rhetoric concerning Iran over the weekend. It began with the President saying, in an interview with Atlantic Monthly magazine released late in the week, that he would never allow Iran to develop a nuclear weapon and that it was no bluff to say that the U.S. was prepared to use force to prevent this. But by Sunday, the President had somewhat changed his tune. In a speech before AIPAC, the pro-Israel lobby group, he said there was still time to give negotiations and sanctions time to work. <p><a href="http://news.goldseek.com/RickAckerman/1330959600.php">Link</a>
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