Oil Costs Hinge on War, Saddam Crude oil prices soar to nearly $40 per barrel, and in some parts of the country motorists pay $2 a gallon for gas. The White House says it's concerned. Industry analysts say a quick, successful Iraqi war could push prices down and help a sluggish global economy. But much depends on Saddam Hussein's capacity to retaliate. Hear NPR's Scott Horsley and NPR's Kathleen Schalch.
NPR logo Oil Prices Hinge on War, Saddam

Oil Prices Hinge on War, Saddam

Crude oil prices soar to nearly $40 per barrel, and in some parts of the country motorists pay $2 a gallon for gas. The White House says it's concerned. Industry analysts say a quick, successful Iraqi war could push prices down and help a sluggish global economy. But much depends on Saddam Hussein's capacity to retaliate. Hear NPR's Scott Horsley and NPR's Kathleen Schalch.