Thursday, March 30, 2006

You Think It's Not About Oil?

My Way Finance:
LONDON (Reuters) - Oil climbed further above $66 on Thursday, toward its $70 record, after Iran rejected a U.N. Security Council demand that it halt uranium enrichment.

'There's got to be a crunch point over Iran,' said Geoff Pyne, an independent oil analyst. 'At the end of the day Iran is intent on uranium enrichment and the West won't allow it.'
If Iraq didn't have oil, Saddam would still be in power. If Iran didn't have oil, would we still be all over them about uranium? Maybe. Would we be talking about pre-emptive strikes? Maybe not.

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