Oil tops $69 amid Iran tensions

[acmejack]

Crude oil prices have hit record levels in London amid heightening concerns of a conflict between the US and Iran.

A barrel of London's benchmark Brent crude climbed to $69.70, while in New York, light sweet crude was at $69.45.

Analysts have warned that prices could climb higher as geopolitical tensions increase worries that oil supplies will not be able to keep up with demand.

Prices are close to the $70.85 record reached in the US in August following the impact of Hurricane Katrina.

http://news.bbc.co.uk/2/hi/business/4898196.stm

[saigon68]

1. $4.00 a gallon soon

The Chimps Economic miracle

</sarcasm>

[Callalily]

2. Yes, I just heard

on the radio that gas prices will skyrocket this summer. I am more than willing to pay those fees if the troops could only be brought home. :patriot:

[acmejack]

3. More of that famous jawboning he promised us!

What a worthless piece of dog waste the man is.

[darkmaestro019]

4. Boy, and that's just TENSIONS.

Gee, I wonder if any of this extra money trickles into the pockets of the Bushies?


Nah. Surely they wouldn't manipulate world opinion to make more money, let alone start a war to make a LOT more money. That would be evil!


(refuses to use sarcasm tag for this one. too obvious)