re: oill up and climbing very good post lulu now the various government agencies ie OPEC will start making noise about extra supplies etc the US will now start building up its reserves from phantom oil suppliers not in the markets
He markarts are expected to heed this and drop the price of oil
All these measures will fail.
Though the rise is mostly in US$ terms only as the US$ sinks lower agianst other currencies whos ie Euro Oil price , AUS$ oil price and the price of oil in Yen has much smaller changes on the upside. So the only impact will be in the united states and perhaps china.
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