re: WSJ Market Watch Opinion: If Iraqi oil goes off line, $200 oil is next

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I'm not even really sure how to respond to that because for the life of me I can't figure out what you're trying to say

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let me break it down for you...

BP Oil Spill and new safety regs have no effect on natural gas prices...Correct?

BP Oil Spill and new safety regs are direct cause for increased oil prices on a global scale as well as US gas prices at the pump...correct?


I'll leave it at that, just so we are clear

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Of course the oil spill wasn't a result of the price of gas.

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you said numerous times that it was

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His safety regulations didn't cause every oilfield related company to add billions collectively to their budget? Companies that weren't even a party to the spill? Who do you think ended up picking up the tab for that?

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You don't think that extrapolated over the entire industry is going to raise prices?

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So adding what probably amounted to hundreds of billions of dollars in safety budgets, along with shutting down exploration in the Gulf for over a year, a slow permitting process, and no Keystone have no effect in gas prices domestically.

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there is now a built in premium to cover the costs of compliance.

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