Girbaudz's formula
The original price of crude in the past year was only slightly over 60 US Dollars. Then it steadily rose in the past year to more than 80 US Dollars and then to 90 USD. That was in April-May 2007.
How to beat that? The formula of my friend (he lost a mobile phone before coming to a meeting with me), is very simple really. He offers the solution that Russia's crude is going to be just fine an alternative as all the other fuels from other places like Dubai and the rest of OPEC. Moreover, he says that the country should build as many oil refineries around the country as possible to lessen the impact of high cost of importation, logistics and other factors involved in oil importation and distribution to end-users.
How to beat that? The formula of my friend (he lost a mobile phone before coming to a meeting with me), is very simple really. He offers the solution that Russia's crude is going to be just fine an alternative as all the other fuels from other places like Dubai and the rest of OPEC. Moreover, he says that the country should build as many oil refineries around the country as possible to lessen the impact of high cost of importation, logistics and other factors involved in oil importation and distribution to end-users.
Labels: Dubai crude, energy crisis, increased cost of crude oil, oil crisis, oil price hike, refining capacity
posted by asiatrans | 8:43 AM
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