Meanwhile, fuelling the profits in Oz…
Always ready to clip the ticket
© Khunaspix Dreamstime.
By Alex Lennane
Interesting analysis from The Economist on the falling fuel price. Noting that the recent drop is unexpected, with battle-scarred Libya producing 40% more in September than it did in August, and Saudi’s decision to pump out greater amounts (possibly to irritate Iran), it argues that a rise could be equally unpredictable. It also looks at the affect on world trade, and various economies which are tied to the oil price – such as Venezuela and Russia.
Comment on this article