The price of a barrel of crude oil has reached a record $120. Just a few weeks ago, it had been $101.
With no energy policy in place that would lessen our dependence on foreign oil, we are taking it in the shorts every time we fill up the tank. We also know that some of that money is ending up in the hands of Islamic fundamentalist extremists, thanks to extortion money paid by our Saudi "allies" who fear a fundamentalist revolution in Saudi Arabia. But it's good to know we have a friend in high places of the Saudis.
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i hope you do not mind two comments in one day. this oil business is for the rats. literally. my heart goes out to those who can barely afford rice and beans now. jeez...i could give you a novel on oil refineries. most of my family has either worked for the refineries or for ship yards. in all positions. there is no reason for this mess. you keep up the good reporting. i truly love it.
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