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Oil Rises to Record $92.22 on Increased U.S.-Iran Tension

Original post made by Dr. Ferragamo, Stanford, on Oct 26, 2007

There's nothing out there to stop oil from going to $100,'' said Chip Hodge, a managing director at MFC Global Investment Management in Boston, who oversees a $4.5 billion oil and gas company bond portfolio. ``There are plenty of bullish factors such as the continued dispute between Turkey and Iraq, the new sanctions against Iran and falling inventories.''

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Comments (3)

Like this comment
Posted by qq
a resident of Barron Park
on Oct 26, 2007 at 5:21 pm

Don't forget, oil is rising, as the dollar is falling.

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Not to mention, gold at a 28 year high of $779. ;-)


Like this comment
Posted by Greg
a resident of Southgate
on Oct 26, 2007 at 6:19 pm

All the more reason to build as many nuclear power plants, as soon as possible. What are waiting for?

Like this comment
Posted by Dr. Ferragamo
a resident of Stanford
on Oct 26, 2007 at 6:24 pm

[Post removed by Palo Alto Online staff.]

Sorry, but further commenting on this topic has been closed.

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