Did I just hear the word "embargo" on CNBC?
I was distracted but the CNBC oil analyst said someone (Iran, Kuwait) suggested they might hold back their exports, driving up the price of Brent. I could be way off; I was distracted, but something along that line was said.
And just a few days ago someone asked the question why would Saudi even think of holding back exports / production with oil at $100 when I blogged about that (in relation to Saudi's reaction to the Bakken).
Yup, there was a reason why I quit taking comments.
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