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Pump prices are very sticky and depend on the cost of production per country. With recently depressed crude prices, some countries are actually pulling back pr
by niggler 14y ago
Pump prices are very sticky and depend on the cost of production per country.
With recently depressed crude prices, some countries are actually pulling back production.
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/08/OPEC%20breakevens.jpg http://www.zerohedge.com/sites/default/files/images/user5/im...
- ComputerGuru 14y agoThe notable exception being Saudi, which (with America's complete approval, I suppose) ramps up production to drive down the cost of petroleum to make sure that Iran does not derive as much profit from its sales as it could, even at detriment to itself, as a calculated move in the cold war between those two countries.