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Happens in egypt or cairo or libya. it doesn t matter what goes on there. it only matters what we produce here and prices don t spike quija yo politics matter. spike i ve been saying they need to relax standards on blended fuel. greta: who is making the money? where is the cost? remember in october when egypt started to flare-up the price was around $83 a barrel. it up $30 a barrel after that people were worried about the disruption of the supply of crude oil to america. whether or not egypt supplied a lot of crude to america, didn t matter. crude oil is a global commodity the same barrel produced anywhere can be used anywhere else. the fear was if it spilled into saudi arabia, suez canal, we were worried about saudi arabia unrest. if those barrels came off the market prices were spiking. investors were jumping in front of that looking for ....
Libya. it doesn t matter what goes on there. it only matters what we produce here and prices don t spike quija yo politics matter. spike i ve been saying they need to relax standards on blended fuel. greta: who is making the money? where is the cost? remember in october when egypt started to flare-up the price was around $83 a barrel. it up $30 a barrel after that people were worried about the disruption of the supply of crude oil to america. whether or not egypt supplied a lot of crude to america, didn t matter. crude oil is a global commodity the same barrel produced anywhere can be used anywhere else. the fear was if it spilled into saudi arabia, suez canal, we were worried about saudi arabia unrest. if those barrels came off the market prices were spiking. investors were jumping in front of that looking for ....