Gas jumps above $3.67, oil passes $126 on Venezuela concerns
By JOHN WILEN, AP Business Writer
Sat May 10, 2008
NEW YORK - Oil rose above $126 a barrel for the first time Friday, bringing its advance this week to nearly $10, as investors questioned whether a possible confrontation between the U.S. and Venezuela could cut exports from the OPEC member. Gas prices, meanwhile, rose above an average $3.67 a gallon at the pump, following oil's recent path higher.
"... possible confrontation between the U.S. and Venezuela..."???
Is there any where in the world W isn't screwing things up?
Ok, to be fair - W is probably not entirely to blame in Venezuela: Chavez is none-too-well behaved... but still! How 'bout a foreign policy that mitigates risks!... you know, "risk mitigation" - a topic that was almost certainly covered at Harvard Business School!
In the meantime, we've got $126/bbl oil and $3.67/gal gasoline!
Cool!
Stop the madness.
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