Crude realties: Iran sounds alarm
With the threat of a war between Iran and the US, oil concerns are only getting worse.
Iran's Deputy Oil Minister has warned that crude could soon cross the dreaded $100 mark.
"We do not like the high oil prices but it is possible that oil may touch $100 because the market shows that there is greater demand than supply and supply in the short term cannot be increased," said Mohammed H N Hosseinian, Deputy Oil Minister, Iran.
( Full story here )
Iran's Deputy Oil Minister has warned that crude could soon cross the dreaded $100 mark.
"We do not like the high oil prices but it is possible that oil may touch $100 because the market shows that there is greater demand than supply and supply in the short term cannot be increased," said Mohammed H N Hosseinian, Deputy Oil Minister, Iran.
( Full story here )
posted by Oil Shock at 5/03/2006 08:34:00 AM
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