Israeli and Palestinian territories are not major oil producers, but if their conflict spreads to other parts of the region it could have major consequences for oil production and prices. Al Root, a senior writer for Barron’s, joined CBS News to discuss what could happen.
#news #Israel #hamasattack
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40 Comments
Prices could spike because of what's going on in the Middle East? No kidding.
Just as planned. More $$$$$
Any excuse for big business to gouge the consumer (while making record profits). I call BS!
Gotta get us to pay for the war somehow
Sweet, Jack the prices!
And excuses they find to rise oil prices, what's next a cat cross the border and oil prices will go up?
Another reason to take from us hardworking tax payers.
Sooo many poor decisions by joe biden costing american lives and money
On today's episode of Scare Tactics…🙄
Of course they will – the oil companies will use ANYTHING to raise their prices. It's disgusting they price gouge everyone while a terrible conflict ensues.
There is no doubt what is about to happen period the cause of stripped is being cleared of all inhabitants as it should be.
Prices “could” rise. The media is essentially green-lighting fossil fuel price hikes. The same crap happens whenever they report about inflation. Price gouging.
Good time to have an EV and solar panels.
Spoiler- They only ever go up.
When devils are in charge of the world you get chaos.
if we didn't have a president that is actively stopping oil from being produced in our own country this wouldn't even be a problem smh
Complete greedy corporate BS
We don’t need to import Foriegn oil!
SCAM SCAM SCAM
Dem entia Joe will just empty the strategic petroleum reserve and make the US more vulnerable.
This price gouging needs to stop! We bombed all the wrong middle eastern countries. The connection to the price of gas is Republicans in Texas sold our means of producing it to the Saudi's. Our critical infrastructure should not be owned by foreign entities.
What does higher oil prices have to do with the conflict in Israel/Gaza? No oil disruption, business as usual. This isn't the first time there have been major problems in this area, in fact the Syria conflict is still a major problem, so why raise oil prices? Speculators will try to cash in.
If Iran is bombed, oil will go through the roof since they have over 3 million barrels per day.
Everytime something happened Americans suffer for it
Any reason to raise the price.
The only way to true energy independence is to stop our addiction to oil. The oil companies and OPEC have been pulling our chain for 50 years now. The faster we transition to EV's, clean, safe dependable local public transportation and higher speed rail between cities 250 to 500 miles apart the healthier and richer we will all be.
That’s why the war machines don’t like trump cuz No wars for them
Oh yeah, all the oil we import from the Gaza Strip or all the oil we import from Israel will definitely be reduced. From 0 to 0.0
We're paying nearly $7/gallon here in California. At this point CAN IT GO ANY HIGHER? If so, how tf will this be sustainable by Americans??????
They can figure it out.
We are going to see 8 dollars 💵 or higher watch and see it’s going to get crazy .then when Americans can’t pay for it anymore will see civil unrest in the likes we have never seen
We deserve what we tolerate.
Good thing we have the Strategic Petroleum Reserve to fall back on, eh? Wait…
Whats new in the oil world…conflict oil goes up, CEO news a new Yacht prices goes up.
So Biden gives $6B in tax dollars in hostage trade, one month later war. But there is NO CONNECTION. NOPE. NADA. They promised us they'd only spend it on food and clothing for the poor. So in no way was one US dollar spent of this war. You believe this, right?!? Pleeeeease!!!
BS, typical Americans fronting the bill.
If we only had oil in our national emergency oil reserves. But incompetent, 48 years of failure Biden sold that to the Chinese.
What America got to do with the war?
If you are looking to ease the burden of a higher price of gasoline at the pump, then buy some oil stocks. That's how I like to protect myself from geopolitical risks in the middle east.
Food prices will go up as well, oh! So will taxes because, you know, what’s happening in Israel. 🤡 🇺🇸
This is why China and Russia orchestrated this attack through Iran. Higher oil prices generate greater revenue for Russia.
In other words, attacking Iran= $140🛢+ $10 gallon of ⛽️ everyday of the week in US 🙄☹️😫😬🥶