How much is the Terrorist Premium on Oil?
That is the amount that speculators drove up oil prices banking on making money from another terrorist attack.
From 9/11/2001 until we invaded Iraq in 2003 Crude Oil prices climbed ~35% from $28 to $38 a barrel.
Does that mean the Terrorist Premium on Oil is $10 or is it 35%? Because we just blew through $10 since Osama's death popped the commodities bubble.
Discuss:
That is the amount that speculators drove up oil prices banking on making money from another terrorist attack.
From 9/11/2001 until we invaded Iraq in 2003 Crude Oil prices climbed ~35% from $28 to $38 a barrel.
Does that mean the Terrorist Premium on Oil is $10 or is it 35%? Because we just blew through $10 since Osama's death popped the commodities bubble.
Discuss: