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…

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