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No shit, but not just for the reasons people think. The conflict is causing the prices to go up due to the fear of a shortage of course, but a big reason is banks. US Banks cannot lend money to people the way they used to due to new regulations so they are investing more in hard items such as oil, especially offshore oil.
Oh and by the way, has anyone checked BP Stock lately? Guess how much their stock has DOUBLED in value since the "end" of the oil spill? 2 times? 3 times? 10 times? Keep going...
sigh
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