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Repiglican Roast

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Friday, July 14, 2006

Crude Oil Gains Amid Middle East Conflict, Attacks in Nigeria $78 dollars a barrel

[...]
``I'm not going to say we're going to $100 a barrel right away, but neither am I going to rule it out,'' said Peter Beutel, the president of Cameron Hanover Inc., a New Canaan, Connecticut, energy consultant. ``If events drag Iran into the situation and it deteriorates to the point that they want to block the Straits of Hormuz, and we get a hurricane, yes, we will see $100.''
[...]

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