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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Giordano Bruno who wrote (120798)5/9/2008 12:27:36 PM
From: RockyBalboaRead Replies (1) of 306849
 
Forget Iran, there must be WMDs in Venezuela ,... financial WMDs...

Gas pushses above $3.67 a gallon, while oil passes $126 on Venezuela supply concerns

NEW YORK (AP) -- Oil rose above $126 a barrel for the first time Friday, bringing its advance this week to nearly $10, as investors questioned whether a possible confrontation between the U.S. and Venezuela could cut exports from the OPEC member. Gas prices, meanwhile, rose above an average $3.67 a gallon at the pump, following oil's recent path higher.

On Friday, The Wall Street Journal published a report that suggested closer ties between Venezuelan President Hugo Chavez and rebels attempting to overthrow Colombia's government. Chavez has been linked to Colombian rebels previously, but the paper reported it had reviewed computer files indicating concrete offers by Venezuela's leader to arm guerillas. That appears to heighten the chances that the U.S. could impose sanctions on one of its biggest oil suppliers.
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