SUBSIM Radio Room Forums - View Single Post - Are Oil Companies to blame for high fuel prices?

Tchocky · 05-07-08, 11:57 AM

Of course you're going to have a higher supply of oil, look at the price of the stuff!

EDIT - the other factor is the more interesting one. I wonder how much it costs to insure millions of dollars worth of oil and tanker through the Strait of Hormuz? I wonder how much it cost before Operation Iraqi Freedom?

EDIT #2 - Found a nice article by the author of OilShock - http://www.telegraph.co.uk/opinion/m.../03/do0311.xml

in the process of reading it, thought it was relevant

05-07-08, 11:57 AM	#10
Tchocky Navy Seal Join Date: Jul 2004 Posts: 5,874 Downloads: 6 Uploads: 0	Of course you're going to have a higher supply of oil, look at the price of the stuff! EDIT - the other factor is the more interesting one. I wonder how much it costs to insure millions of dollars worth of oil and tanker through the Strait of Hormuz? I wonder how much it cost before Operation Iraqi Freedom? EDIT #2 - Found a nice article by the author of OilShock - http://www.telegraph.co.uk/opinion/m.../03/do0311.xml in the process of reading it, thought it was relevant __________________ [SIGPIC][/SIGPIC]