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Steve Forbes: “When We Have The Confrontation” With Iran, “The Price of Oil Will Come Down”

By Judd Legum

"Steve Forbes: “When We Have The Confrontation” With Iran, “The Price of Oil Will Come Down”"

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Appearing on Fox News this weekend, Steve Forbes said the way to lower gas prices is to “have the confrontation with Iran.” Forbes warned Fox viewers that “the longer we let it fester, the higher the price of oil will stay.” Watch it:

forbes.jpg

(HT: Breaking Blue)

Transcript:

FORBES: Well, it’s interesting. And about $15 a barrel on the price of oil today is worry about Iran, that crisis.

HOST: So, without Iran, the price of oil would be $15 less per barrel is what you’re saying.

FORBES: Yes, it would. There is real uncertainty, huge producer. But the bottom line with Iran is, when we have the confrontation, which we will have, we can really deal with that crisis. Then the price of oil will come down. The longer we let it fester, the higher the price of oil will stay.

‹ ThinkFast: April 17, 2006

Sen. Tom Coburn (R-OK) ›

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