So when did Israel or Gaza have anything to do with oil and the production of it?
I remember when Hurricanes didn't effect oil either and then after one actually did do something to the oil industry (Katrina) not it seems that if a redneck farts in Alabama the speculators and shooting raise, raise, raise
I am so sick
Israel and Gaza should have nothing to do with the oil production. I think some speculators may be thinking what would happen if the Arabs got mad enough to actually stop production until the world would agree to eliminate Israel.
Hurricanes
“Chances are it wouldn't have a material, visible impact on prices,” said Lawrence J. Goldstein, a director at the Energy Policy Research Foundation, an organization partly financed by the oil industry. But “it would free up supply for everybody,
If disturbances hit Algeria and threaten its oil industry too, the buffer of spare capacity would fall below where it stood in 2008. But demand now is much higher, so spare capacity as a proportion of that demand is much lower (see chart 1).
After Hurricane Katrina, when US gas prices reached $4 per gallon or more, people reassured themselves it was temporary. The spikes last summer were assumed to be just a worse version of the usual summer gas price increase. But as pump prices creep up