The rumour was probably started by the Iranians, each dollar increase in oil equates to over a $1 billion a year in increased revenues for them.
Iran is in a world of hurt. Entitlements are overwhelming and no investment in exploration in their biggest source of revenue. They will collapse within 18 months if egged on like the USSR. Care to play cold war II anyone? Especially with a fatalist with a nuclear weapon?
Iran is in a world of hurt. Entitlements are overwhelming and no investment in exploration in their biggest source of revenue. They will collapse within 18 months if egged on like the USSR. Care to play cold war II anyone? Especially with a fatalist with a nuclear weapon?
huh ? my data shows tonights high in MAY 07 is under $64.50 perhaps those "loopdiloop spikes" were lowered or busted ?