Just read an interesting article which asked the question why isnt Oil rallying hard
and its a question I cant answer we have
1. BP Spill out of control has 2 factors to it
a) reduced oil supply
b) ban on drilling in GOM by Obama
2. Israel/Palestine issues again, Turkey usually a friend of Israel threatening it
3. Iran apparantly having nuke capabilities
With all the volatility why has oil not spike?
