Saturday, August 05, 2006

Iran Says Oil May Hit $100/Barrel

Iran's Deputy Oil Minister Mohammad Hadi Nejad-Hosseinian said on Friday global crude oil prices could touch $100 a barrel on geopolitical tension and soaring winter demand.
Adding to worries over supplies, an Iraqi pipeline carrying crude from the country's northern oilfields to Turkey's Ceyhan port was bombed on Monday, pushing back the planned restart of exports along the route.

Now isn't this just what we want to hear?

Read about it here. (Truthout)

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