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According to a new report from Tokyo-based Nomura, a simultaneous production halt from embattled Libya and neighboring Algeria would reduce OPEC spare capacity to 2.1 million barrels a day and may cause crude to spike from about $97 a barrel today to $220 a barrel. Read more: www.foxbusiness.com...
Originally posted by Big Raging Loner
I'm filling my tank today before it gets any worse. I normally run my car on the bare minimum like £10 at a time. That gets me just over 7 litres now. Tough times ahead. Whats gonna happen if this form of unrest takes place with a bigger supplier?
Time to buy a bicycle I think.
Originally posted by YouAreDreaming
Big Oil doesn't like to waste an opportunity to gouge at the consumer pockets when it can.
Damn I wish we lived in a free-energy system; not this forced carbon-burning alternative :/ Time for an energy revolution.