The case for American oil continues…

Oil prices fell to near $101 a barrel Wednesday (January 11, 2012) as the European Union’s efforts to block imports of Iranian oil appeared to be stalling.

By early afternoon in Europe, benchmark crude for February delivery dropped 83 cents to $101.41 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 93 cents to settle at $102.24 in New York on Tuesday.

http://www.google.com/hostednews/ap/article/ALeqM5i7T9PfbonHOahEsGz8Z60Ly-Ezng?docId=457c1a772c58477da3e719bdfcee18a3