Wednesday, March 2, 2011

US Defense Secretary Gates says BOO and oil prices rise

US Defense Secretary Gates says establishing no-fly zone for Libya would require an attack on Libya. As a result, the entire crude complex levitated higher as if HFTed by the Fed's POMO desk.

http://www.zerohedge.com/article/and-defense-secretary-gates-just-uttered-magic-word

Need any more evidence that oil speculation is harmful?

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