Iraq Violence Sends Oil Prices Surging
Iraq violence sends oil prices surging towards $115 (via AFP)
Oil hit a nine-month peak this week as unrest erupted in key OPEC crude producer Iraq, while haven investment gold struck a multi-week high as many investors sought safety. The Iraqi government bolstered Baghdad’s defences on Friday as jihadists pushed…
D.B. Hirsch is a political activist, news junkie, and retired ad copy writer and spin doctor. He lives in Brooklyn, New York.
Bob Waas June 13th, 2014 at 5:23 pm
Oil prices rise due to unrest in the middle east; what a surprise, who could have predicted that? Can we have the northern link to the Keystone Pipeline now? We already have 2.5 million miles of pipelines, so what’s the problem?
mea_mark June 13th, 2014 at 5:57 pm
NO! Refining and burning dirty hydrocarbons is still bad for the environment. It is time to shift to cleaner alternatives so that humanity will still be around in a couple hundred years.
Bob Waas June 13th, 2014 at 9:30 pm
You’re not going to stop the oil from moving into the market, they move it by the unsafe method of rail. Pipelines are safer and more efficient.
Environmentalists are short-sighted as to the need for petroleum in the manufacturer of other products. Feel free to dispute any on this list.
One 42-gallon barrel of oil creates 19.4 gallons of gasoline. The rest (over half) is used to make things like:
Solvents,Diesel, fuel,Motor Oil,Bearing Grease,Ink,Floor Wax, Ballpoint Pens, Football Cleats,Upholstery, Sweaters, Boats, Insecticides. Bicycle Tires, Sports Car Bodies, Nail Polish, Fishing lures, Dresses,Tires,Golf Bags,Perfumes,Cassettes,Dishwasher parts,
Tool Boxes,Shoe Polish,Motorcycle Helmet,Caulking,Petroleum Jelly, Transparent Tape, CD Player, Faucet Washers, Antiseptics, Clothesline, Curtains, Food Preservatives, Basketballs, Soap, Vitamin, Capsules, Antihistamines, Purses, Shoes, Dashboards, Cortisone, Deodorant, Footballs, Putty, Dyes, Panty Hose,
Refrigerant, Percolators, Life Jackets, Rubbing Alcohol, Linings, Skis, TV, Cabinets, Shag Rugs, Electrician’s Tape, Tool Racks, Car Battery Cases, EpoxyPaint, Mops, Slacks, Insect Repellent, Oil Filters, Umbrellas, Yarn, Fertilizers, Hair Coloring, Roofing,Toilet Seats, Fishing Rods, Lipstick, Denture Adhesive, Linoleum, Ice Cube Trays, Synthetic Rubber,Speakers, Plastic, Wood,Electric,
Blankets,Glycerin, Tennis, Rackets, Rubber Cement, Fishing Boots, Dice, Nylon Rope, Candles, Trash Bags, House Paint, Water Pipes, Hand Lotion, Roller Skates, Surf Boards, Shampoo, Wheels, Paint Rollers, Shower Curtains, Guitar Strings, Luggage, Aspirin,Safety Glasses, Antifreeze, Football Helmets, Awnings, Eyeglasses, Clothes, Toothbrushes, Ice Chests, Footballs, Combs, CD’s & DVD’s, Paint Brushes, Detergents, Vaporizers, Balloons, Sun Glasses, Tents,
Heart Valves, Crayons, Parachutes, Telephones, Enamel, Pillows, Dishes, Cameras, Anesthetics, Artificial Turf, Artificial limbs, Bandages, Dentures, Model Cars, Folding Doors, Hair Curlers, Cold cream, Movie film, Soft Contact lenses, Drinking Cups, Fan Belts,Car Enamel, Shaving Cream, Ammonia, Refrigerators, Golf Balls, Toothpaste, Gasoline
Petroleum is also a main ingredient used to manufacturer wind turbines.