Free Republic
Browse · Search
News/Activism
Topics · Post Article


"(Additional reporting by Jeffrey Kerr in New York; Ikuko Kurahone in London,; Jaganathan and Manash Goswami in Singapore; Editing by David Gregorio and Lisa Shumaker)"
A gas pump is seen hanging from the ceiling at a petrol station in Seoul June 27, 2011. [Credit: Reuters/Jo Yong-Hak]

Brent tops $120 on Iran, North Sea, Greece

1 posted on 02/16/2012 6:11:13 PM PST by SunkenCiv
[ Post Reply | Private Reply | View Replies ]


To: SunkenCiv

Let’s see...choices.

1. Prop the dollar higher to keep oil nearly imperceptibly lower, kill remaining exports and make the monstrous debt even harder to pay. That would bring our collapse sooner.

2. Or allow the dollar to equalize with our trading partners’ currencies to put off our default and western collapse processes a little longer.

Ugly choices.


4 posted on 02/16/2012 7:10:07 PM PST by familyop (We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: SunkenCiv

What is the relevance of Brent crude? Do we even buy it?


5 posted on 02/16/2012 7:19:53 PM PST by Figment
[ Post Reply | Private Reply | To 1 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson