Oil & Lube
Fuel Prices
The price of crude oil is now over $100 a barrel, so fuel prices are climbing again. This time it’s petro-politics.
Iran has halted oil sales to France (who buys almost no Iranian crude) and Britain (who buys none at all) and has threatened to halt oil sales to other European Union nations. This is because the EU has announced a plan to stop buying Iranian crude in an effort to convince Iran to halt their nuclear program.
If the Europeans are already planning to stop buying Iranian...
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