EXPECT LOWER CRUDE OIL PRICES
$100 and LOWER LIKELY as fears abate...
Some analysts expect CRUDE OIL to drop below $100
Joint military effort guarding the oil transportation
The Iraq crisis is not affecting the flow of oil as a large military presence from several countries including the U.S.A. is providing security to transport the CRUDE OIL and also providing PIPELINE SECURITY and SURVEILLANCE.
Both BRENT CRUDE and the WTI CRUDE prices are dropping rapidly as traders take profits and also analysts are not as worried about the Iraq conflict affecting oil.
http://www.debka.com/article/24032/Gaza-rockets-aim-at-Kurdish-oil-route-via-Israel-More-security-for-Ashkelon-and-Eilat-depots
http://www.debka.com/article/24032/Gaza-rockets-aim-at-Kurdish-oil-route-via-Israel-More-security-for-Ashkelon-and-Eilat-depots
WATCH THE CHART as CRUDE OIL should drop toward $100 and lower:
GASOLINE PUMP PRICES KEEP RISING
CONSUMER CONTRIBUTIONS FOR THE WAR EFFORT
WHAT THIS MEANS FOR THE CONSUMER or END USER however is a different story. The consumer is being met with higher pump prices and potentially higher taxes and mileage taxes here in the U.S.A. After all as the world's top cop we need to police other countries and those of expendable tax payers have to contribute to the war effort not only with our dollars but eventually with our very lives. It's all about serving the Obama government for hope and change.
...developing...
