Fear Not, Oil Traders -- It's Hugo Chavez to the Rescue!
As I write in the upcoming (tomorrow's) Money and Markets...
It is in the interests of both Iran and Venezuela to keep oil prices high, and one way to do that is to inject as much fear as possible in the global oil markets. Every dollar rise in the price of a barrel of oil is more money in their coffers.
( Full story here )
It is in the interests of both Iran and Venezuela to keep oil prices high, and one way to do that is to inject as much fear as possible in the global oil markets. Every dollar rise in the price of a barrel of oil is more money in their coffers.
( Full story here )
posted by Oil Shock at 5/09/2006 07:23:00 PM
0 Comments:
Post a Comment
<< Home