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Will High Gas Prices Hurt Obama?

Oil hit a 9-month high yesterday thanks to Iran halting exports to Europe in advance of a ban on Persian oil. Pundits have in recent days been crowing that the resulting higher gas prices, which could go above $4 a gallon within the next few weeks if tensions in Iran continue, could hurt the presidents’ election prospects. Republicans like John Boehner are urging conservative politicians to embrace “pump anger.
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Iran could ban EU oil exports

Business & Finance : Business Report (3 years ago)

A law to be debated in Iran's parliament could halt exports of oil to the European Union as early as next week. ||| A law to be debated in Iran's parliament on Sunday could halt exports of oil to the European Union as early as next ... Read Post

Oil hits 8-month high

Business & Finance : Business Report (3 years ago)

Brent crude rose, briefly hitting an eight-month high above $121 a barrel, as Iran halted exports to British and French companies ahead of a European Union embargo. ||| Brent crude rose on Monday, briefly hitting an eight-month high... Read Post

This Awesome Chart Shows Who Are The Biggest Players In The Global Oil Export Market

Business & Finance : Business Insider: Clusterstock (yesterday)

With oil prices on a very bumpy ride over the last few weeks, countries like Russia and Nigeria that depend on oil exports are hurting. RBC Capital Markets just circulated a research note discussing how the recent drop in oil prices... Read Post


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