Worthy Christian News » Prices Could Hit $150-$200 Per Barrel Without Iraq Oil (Video)

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Worthy Christian News » Prices Could Hit $150-$200 Per Barrel Without Iraq Oil (Video)

(CNBC / Worthy News)– If Iraq's oil supply goes offline, crude prices could hit $150-$200 a barrel, T. Boone Pickens, founder of BP Capital Management, told CNBC on Friday.

Crude hit a nine-month high Friday as fears intensified over the conflict in Iraq and its potential to disrupt country's the oil supply. U.S. crude—West Texas Intermediate (WTI)—hit a session high of $107.68 a barrel early Friday. Brent rose to an intraday high of $114.69. — Source

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3 Comments on this post.

Leave a Reply

  • PastorPrincess K Gill
    14 June 2014 at 2:45 am - Reply

    All that time and lives wasted for nothing sych you shoulda realized it before you went in the second time .

  • Tom Revalator
    14 June 2014 at 11:52 pm - Reply

    raise er up over roof

  • wsteinbr
    15 June 2014 at 7:45 pm - Reply

    The supply chain for oil is very complex. That being said, the fracking that we are doing in the United States has made the Middle East nervous that we could depend on our own oil. We even want to export our own oil. That being said, the Saudi Arabians will do anything to keep the price of a gallon of gas somewhere between three and four dollars a gallon. They don't want us going to alternative fuels even more than we do.

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