Crude Oil Price Spikes Today

Discussion in 'Current Affairs, News and Analysis' started by Not_Whistlin_Dixie, Jul 14, 2004.

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  1. Light sweet crude spot price punched through the psychologically important $40/bbl level today to $41.20/bbl, up $1.66/bb.

    I mention this here because tightness in the oil market implies a more favorable (from the terrorist point of view) ratio of cost-to-payoff for attacks on oil infrastructure.

    I have a feeling that the people who mastermind these attacks are not stupid and are very conscious of such considerations.