Gas Prices Soon to Rise
News Channel 3 in the Hampton Roads is reporting:
Gas prices are going up, because of new terrorist attacks in Nigeria:
"The country is the top crude-oil producer in Africa. The attacks have sent crude oil prices higher in international markets. April Brent crude futures rose a dollar and a-half in London. "
We can expect the prices to be reflected at the pump soon. Nine hostages have also been taken including 3 Americans.
posted by B O B @ 5:16 PM
3 comments
3 Comments:
But will the Nigerian situation effect gas prices as terribly as the Mideast situations do???
Thank you for the comment.
The impact should be fairly immediate, when I read the story the first thing I did was fill my car, being the skin flint that I am.
It may just be a temporary surge but I try to keep abreast of the prices and I act when I see an increase coming.
>>>>>Can the oil businesses teach all of us this form of business, its great.<<<<<
Oh it is an easy business model to learn.
Step 1 - Reconnaissance: Scout out where the people have something you want to obtain, in this case, money.
Step 2 - Steal it. No really, it is that simple. Sure they buy the gas for say...$50 a barrel but then they sell it to us for $75.
Step 3 - Cry for help from the gov't..and get it. Thus you improve your profits all the more.
Very simple.
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