Were a problem? Has the Middle East stopped being a problem? That is the point. When has there been certainty in the Middle East? That said the U.S. is producing much more oil so aspects of that speculation should be less relevant than before. The role of government is indirect in terms of day to day pricing but direct in terms of oil leases, regulation, taxation, etc. They can dictate a lot and control quite a bit. In the U.S. a major pipeline to move oil has not been...
3/22/14 at 6:47am
- My snark goes to 11.