Oil, petrol prices and the Middle East
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Peter McMahon
Mar 6, 2011, 11:44:24 PM3/6/11
to WA2020
Petrol is heading back to 2008 levels, this time because of the events
in the Middle East. WA gets most of its petrol from that region. The
real volatility will hit if Saudi Arabia becomes destabilised which is
a definite possibility. This could be the start of ongoing volatility,
especially as it is unlikely that the situation will settle in the
region for some time. And then of course there is the question of how
Israel will respond...
Here is a link to the latest fuel news from The West:
http://au.news.yahoo.com/thewest/a/-/newshome/8965451/petrol-prices-near-29-month-high/
in the Middle East. WA gets most of its petrol from that region. The
real volatility will hit if Saudi Arabia becomes destabilised which is
a definite possibility. This could be the start of ongoing volatility,
especially as it is unlikely that the situation will settle in the
region for some time. And then of course there is the question of how
Israel will respond...
Here is a link to the latest fuel news from The West:
http://au.news.yahoo.com/thewest/a/-/newshome/8965451/petrol-prices-near-29-month-high/
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