(Source: Barrons, August 4, 2008, "In Sight, an Amicable Endgame in Iran")
Tuesday, August 5, 2008
40% of all Seaborne-Traded Crude Oil Moves Through the Straits of Hormuz Daily
17 million barrels of oil move through the Straits of Hormuz daily, 40% of all seaborne-traded crude oil. (This is about 25% of the world's total crude supply.) Closure of the Straits, even for a short time, as threatened by Iran if its nuclear facilities are attacked, would raise the price of crude to $300 per barrel, according to George Friedman, founder of StratFor, the Austin Texas-based global intelligence company.
(Source: Barrons, August 4, 2008, "In Sight, an Amicable Endgame in Iran")
(Source: Barrons, August 4, 2008, "In Sight, an Amicable Endgame in Iran")
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment