Posted by
theoilpatchplug on Monday, September 17, 2007 8:45:19 PM
Why are oil prices rising?
This time of year prices usually drop. Temperatures are moderating, kids are back in school so travel is down and there were some power outages in Port Arthur refineries last week.
Could it be some oil traders are speculating on the news that Iran is doing a crazy Mohammed again? Could it be Israel of the US is going to do something about the Syria-North Korea reports of Nukes?
A hurricane isn't going to raise oil prices fast, but a war would.
Keep your tanks filled and your energy budget flexible. It might keep you out of long lines in the near future.