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Oil prices have gone from the mid $20 range in the fall of 2002 to $127 yesterday—a rise of $100/barrel in just over five years,” he says. “And the bulk of that increase can be attributed to the US wars in Iraq and Afghanistan, and to the threats of war against Iran.” - Ismael Hussein-Zadeh, professor of economics at Drake University in Des Moines, Iowa
Of War and Gas Prices
Thanks George.