7.08.2008

$145 oil

ThinkProgress reminds us of a 2001 NYT article on Bin Laden's wishes:
''If bin Laden takes over and becomes king of Saudi Arabia, he'd turn off the tap,'' said Roger Diwan, a managing director of the Petroleum Finance Company, a consulting firm in Washington. ''He said at one point that he wants oil to be $144 a barrel'' -- about six times what it sells for now.

NEW YORK, July 3 (Reuters) - Oil rushed to record over $145 a barrel on Thursday ahead of the U.S. independence Day holiday, extending a rally that has added 50 percent to prices this year.

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