There are no signs the government is preparing to tap emergency oil reserves soon in a bid to tame rising prices, according to the sources who spoke with Reuters this week, though the administration is closely monitoring the situation.
http://news.yahoo.com/u-consults-oil-experts-weighs-action-against-syria-002259061.html
U.S. consults oil experts as it weighs action against Syria
http://www.reuters.com/article/2013/08/30/us-syria-crisis-oil-idUSBRE97T00K20130830?feedType=RSS&feedName=topNews&utm_source=dlvr.it&utm_medium=twitter&dlvrit=992637
BREAKING! U.S. willing to act alone on Syria attack! It’s ON!!
U.S. willing to act alone on Syria attack
WASHINGTON — The White House signaled that the United States would
act alone in Syria if necessary to protect its national security
interests, as a Western coalition that just days ago appeared determined
to launch a joint military action split wide open.
President Obama appeared increasingly isolated after British Prime
Minister David Cameron lost a vote Thursday in the House of Commons on
endorsing military action. It was a stunning defeat for a government
that days ago called for punishing Syrian President Bashar Assad’s
forces for alleged use of chemical weapons against rebel-held
neighborhoods last week.
Will War With Syria Cause The Price Of Oil To Explode Higher?
Are you ready to pay four, five or possibly even six dollars for a
gallon of gasoline? War has consequences, and a conflict with Syria has
the potential to escalate wildly out of control very rapidly. The
Obama administration is pledging that the upcoming attack on Syria will
be “brief and limited” and that the steady flow of oil out of the Middle
East will not be interrupted. But what happens if Syria strikes back?
What happens if Syrian missiles start raining down on Tel Aviv? What
happens if Hezbollah or Iran starts attacking U.S. or Israeli targets?
Unless Syria, Hezbollah and Iran all stand down and refuse to fight
back, we could very easily be looking at a major regional war in the
Middle East, and that could cause the price of oil to explode higher.
Syria is not a major oil producer, but approximately a third of all of
the crude oil in the world is produced in the Middle East. If the Suez
Canal or the Persian Gulf (or both) get shut down for an extended period
of time, the consequences would be dramatic. The price of oil has
already risen about 15% so far this summer, and war in the Middle East
could potentially send it soaring into record territory.
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