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Is Iran or Bin Laden driving up oil prices? by
#17
IMHO it is all about simple economics: supply and demand. China, India, US use huge amounts of oil. Only so much oil on the open market at a given time. Our "friends" the Sauds (who brought us 9/11 and OPEC) recently said they had no plans to increase production. Voila. Prices keep going up. Yes, there are more factors but those are the basics.
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Re: Is Iran or Bin Laden driving up oil prices? by - by SteveO - 06-09-2008, 06:04 PM

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