Iran official says oil could reach $150 per barrel

[TomW]

The head of Iran's state oil company said Sunday that the price of crude will reach $120 to $150 per barrel, as officials in Tehran prepare to discuss a ban on crude sales to European Union countries in retaliation for an EU embargo.

Well isn't that special our choices are another war or further economic ruin. I think we better start stashing some of our own oil in reserve.

Read more here

[Jeckle]

I wonder if we will ever figure out that it makes sense to have some refineries up here for our own oil.
Seems kinda logical to me.

[booboo]

....fer sure Jeck...we should looks after ourselves more gooder....if only we had more control of our own Country.....like why should we be buiding these pipelines to pump away the raw oil along with many much neeeded jobs....

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