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"Had the Libyan crisis emerged at a time other than during peak European refinery maintenance,...

  • Tuesday, April 12, 2011, 8:37 AM ET
    "Had the Libyan crisis emerged at a time other than during peak European refinery maintenance, $125 a barrel might already be a distant speck in the rear-view mirror," according to an IEA report which says a rebound in activity this summer will add 2-3M barrels of demand for crude.
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    It ain't European refinery maintenance. That's a planned event. It is this President energy policy. No new permits etc etc. Tax and trade etc . We have all the oil we need if this administration would allow is to drill it. $5 gasoline here we come. Libya was only 1.6mb
    12 Apr 2011, 08:45 AM Reply Like
  •  
    What are you talking about, not only was this president the first in ages to attempt to open drilling offshore in places other than the gulf, he's already reopened drilling in the gulf after an abysmal display of total incompetence by the oil industry in safety and cleanup. The gulf cleanup was an embarrassment by comparison to any other in most regions in the world, and he still is reopening drilling.

    Oil rising is due to dollar debasement your comments are partisan BS.
    12 Apr 2011, 10:04 AM Reply Like
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