February 13, 2012

Europe's Energy Suicide Pact

Andrew McKillop, Market Oracle


AP Photo

US media is warning gasoline consumers they are threatened with a possible mega price hike. If the long drawn out Iran crisis moved to war action like closing the Hormuz Straits this could spike barrel prices to $200, nearly doubling average US forecourt gasoline prices to $6 a gallon. . .

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TAGGED: Oil, Energy Security, U.S. Energy Policy, Strait Of Hormuz, Iran, Oil Prices, Economy, Global Oil Market, EU Energy Policy, European Union, Market Oracle

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