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Bonanza Land
Latitude and Longitude

Oil falls below US$114 but Iraq situation minimizes losses

Posted on June 25th 2014 - The news coming from Iraq points to an inevitable civil war between the Shiites and the Sunnisiraq refinery 840 480 100 over control of the country.  Unfortunately, residents of the United States have been directly affected by the unrest in the middle east.  

I'm sure you've noticed the cost of gas has steadily gone up since the fighting began.  The good news is that the US has plenty of gas in its reserves so there should be no fear of this happening in this day and age but it doesn't mean that the price of gas is going to go down.  

In fact, expect the slight increases to continue.  Continue Reading...