Article

2004-05-04 Arabia

Price of Oil Hits Highest Level Since 1990

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Posted by .com 2004-05-04 01:51|| || Front Page|| [3 views since 2007-05-07] Top

#1 "We've gotten ourselves into a big-time speculative market," said Ed Silliere, an analyst at Energy Merchant LLC.

Silliere said speculators buying oil on Monday cited growing fears that terrorists who wish to topple the Saudi government could escalate their attacks against the oil industry and potentially disrupt supplies.

This comes as no surprise. Terrorists kill WORKERS for an OIL CONTRACTOR and the price of oil goes right up? For what reason? Traders running scared? And then there's "growing fears" and apprehensiveness that terrorists could "potentially disrupt supplies". Sakes.

If there isn't a crisis, there is no need to manufacture one. These oil traders need to get a grip on themselves.

Posted by Bomb-a-rama 2004-05-04 4:36:54 PM|| 2004-05-04 4:36:54 PM|| Front Page Top

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