Gas jumps above $3.67, oil passes $126 on Venezuela concerns »
Posted By engineer 5 months ago in Business & FinanceOil 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.
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engineer
Hi My background is Biomedical engineering with an MBA As you know from all my comments where I almost stand politically. I have loads of ...
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engineer5 months ago
This is a significant number since $126.00 equals $3.00 out of the ground before refining,shipping and mark ups. This only happened since the current administration got into office. I wonder what happened in that closed door energy meeting with Cheney and the oil moguls. there is no justifiable reason for this, especially when the oil thieves are getting a usurious profit of $400 for every man, woman, and child in the US. A family of four equals $1600 in profits -- not sales -- per year!!
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