FINANCE CLARITY DU JOUR: Oil & Inflation
Crude was trading 20% higher in 2008. How come the price at the pump today is ~twice what is was then?
Looks like the reason for the shortage lies in refineries & distribution channels, plus some hoarding, in addition to Putin's war.
Crude was trading 20% higher in 2008. How come the price at the pump today is ~twice what is was then?
Looks like the reason for the shortage lies in refineries & distribution channels, plus some hoarding, in addition to Putin's war.
2) Clearly, extra capacity. The squeeze at the pump has funny attributes.
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