The year 2007 is almost over, all the happenings we had along the year all affected the final consumer price, but the most used by oil companies and Governments was SPECULATION...
SPECULATION has kept the crude prices high and in turn the crude producing countries have used this instrument to obtain higher and higher profits... compared to the same time last year... PETROL PRICES FINISH THE YEAR IN THE 61 DOLARS PER BARREL.LAST SESSION OF 2006 CLOSED THE NYMEX AT 61,05 DOLARS, WHILE THE BRENT FOR REFERENCE IN EUROPE CLOSED 60,86 DOLARS.
Now as we reach the end of 2007 we have the PETROL PRICES FINISH THE YEAR IN THE +/- 92 DOLARS PER BARREL...quite a difference... with no major happenings to justify this increase .... so who is to blame...!! blame the oil companies...Governments...Crude exporters...BLAME SPECULATION...
SOUTH AFRICA SPRINGBOKS
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