The Mudcat Café TM
Thread #110362   Message #2329081
Posted By: Bill D
29-Apr-08 - 05:45 PM
Thread Name: BS: Food: Inflation
Subject: RE: BS: Food: Inflation
I know the oil problem is quite complex, but here is ONE of the reasons for $100+ barrels of it. (These are just projects on one country)

Palm Islands

World Islands

http://www.burjdubaiskyscraper.com/

What I do NOT understand is: when the price of a barrel of oil rises, due to trading & speculation, why does the pump price for fuel rise immediately? That oil the refiner had to pay more for will not be near my tank for many months.