Anyone care to guess how much money evaporated from that tanker when it was seized, versus the value of the oil it contained when it was finally released?
I expect the $145/barrel oil it was originally carrying is only about a third its value now.
Posted by
NapoleonXIV on January 9, 2009 at 2:10 PM
nappy most oil is not sold at the spot price - lots of sales today are higher than today's spot and then they were lower. Maybe the Saudis just found a great way to disguise money going to al qaeda
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