November 17, 2015
THANKS, W:
Iraq is flooding America with lots of oil (Matt Egan, 11/17/15, Money/CNN)
The U.S. more than doubled its imports of oil from Iraq between August and September, according to a Platts analysis of U.S. Energy Information Administration statistics.The dramatic increase in Iraqi oil imports is only adding to the already-massive supply glut that has pushed down oil prices. Crude oil prices sank to a four-month low of $40.06 a barrel this week and they're down 12% in November alone. [...]The reality is that there's actually too much Middle Eastern oil to worry about supply disruptions.
Posted by Orrin Judd at November 17, 2015 2:44 PM