Streams

Episode #111

Turmoil in Iraq and Prices at the Pump

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Friday, June 20, 2014

The jacket belonging to an Iraqi Army uniform lies on the ground in front of the remains of a burnt out Iraqi army vehicle some 10km of east of the northern city of Mosul, on June 11, 2014. (SAFIN HAMED/AFP/Getty)

Doubts are growing about Iraq's long-term stability as militant insurgents seize control of cities north of Baghdad and attack the country's largest refinery. As Iraq is OPEC's second-biggest oil producer after Saudi Arabia, the violence is raising the specter of soaring oil prices. Iraq pumps around three million barrels a day and had been expected to provide the majority of growth for the cartel in the years ahead. This week on WNYC's Money Talking, Rana Foroohar of Time magazine and Bob Lenzner of Forbes discuss whether the fighting in Iraq is pushing up gas prices here in the U.S.

Guests:

Bob Lenzner

Hosted by:

Charlie Herman

Produced by:

Daniel P. Tucker

Contributors:

Rana Foroohar

Comments [1]

dlm

The Obama administration is NOT working toward energy independence. In fact they are doing all they can to reduce production in the USA.

Jun. 20 2014 07:59 AM

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