Saturday 15 January 2011

Want to know why oil will hit $100 a barrel?



Sorry, America, but the Obama administration (and earlier ones as well) won't allow exploration and drilling for oil anywhere on the map that's red. It is not issuing permits for deepwater drilling where it's green. And China is busy buying oil for its growing economy while ours stagnates for lack of oil industry jobs and all the others dependent upon it. It's an international problem because oil is a global commodity.This is not rocket science. -- Alan Caruba

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