4 thoughts on “Oil Analysts: Iraq Insurgence Will Raise Gas Prices

  1. This is the second cause for the price of gas to go up soon. Canada has wanted to ship more oil to the US to be refined. That has been blocked for a number of reasons for some time. The oil will now be shipped to China. It was in paper recently that

    “The Canadian Chamber of Commerce has said oil-sands producers could get $50 million a day more for their output if it were sold outside the continent,”

    Exporting the oil from Canada to China looks like a win for everyone except the US buyers of gas. Canada makes money (go Capitalism!) by selling to the Communists and ends the uncertainty Canada has faced for years. For Canada the increased gas prices is none of their problem but is for US Hummer owners.

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