Over-Optimistic Oil?
Jun. 8th, 2006 12:54 pmApparently the news of the death of Zarqawi has finally taken the oil price back to below $70/barrel. Is this not just a tad over-optimistic? I have a sad suspicion that the comment of the analyst Edward Meir quoted in the BBC report: "the situation in Iraq has now become so chaotic, that it transcends the death of one man, influential as al-Zarqawi was," is perhaps a little closer to reality...
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