Someone tries to blow up your oil facility.....and you make $13,000,000 dollars per day on the deal. Must be sweet!
"Someone tries to blow up your oil facility.....and you make $13,000,000 dollars per day on the deal."
I'm offended - let's riot!!!
You know that the price changed on the market. Meaning speculators are attempting to make a profit off the 'fear factor'.
When the price 'changes' at the gas station two blocks from your house, do you really think it is the oil pumping and refinery owners that make more money?
Oil production has some of the lowest profit margins, and depends on bulk sale for the profit to be large enough to attract any owners or investors.
When the two hurricanes hit here in the Gulf of Mexico,the owner/operators were able to recover quickly. This expenditure will show up. But right after the disaster spread across Texas, Louisiana, and Mississippi, the 'misled' were screaming about the previous quarter's profit charts sent out to their investors because it showed a gain in profit. The biggest argument was about the percentage of gain. And the public was let to believe that that was profit percentage.
Now you would have everyone believe that one Saudi Prince is gonna make $3 million more ( I guess each day).
And if this is true, is not the converse true?
They say "know thy enemy". I would add "first, make sure who it is."
I guess if OBL needs some money all he has to do is buy some crude futures, mount a suicide attack, and cash in as the market rises.