Going on the Account: Not Towing the Line, Matey?

Last week’s examination here of the seizure of the Maran Centarus  included speculation that the taking of this oil tanker would bring with it a spike in petroleum prices.

Well, that didn’t happen, according to Brian Baskin at THE WALL STREET JOURNAL.  According to him, January crude prices settled at $75.47/bbl, with today’s spot price reported at $74.20/bbl.  And according to the AAA Fuel Gage Report (as of 12/7/09), prices at the pump only went up $.004/gal. 

I’m not sure which plunderers I’m more disappointed with, the ones holding the oil hostage, or the Somalis…


Leave a comment

Filed under Pirates

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s