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Shell is benefiting from border war

Shell's business is doing surprisingly well this quarter, a fact the company blames on the large price increase in oil between when the oil was mined and the current refining process, according to the New York Times.
http://www.nytimes.com/aponline/business/AP-Earns-Netherlands-Shell.html?_r=1&oref=slogin

Shell is really lucky more than anything, they are capitalizing on the border wars between Iran and Turkey. The Washington Post said that the possible military attack of the U.S. on Iran could skyrocket prices, which are now sitting at about $3.36/gallon.

http://www.washingtonpost.com/wp-dyn/content/article/2007/10/25/AR2007102502840.html?hpid=topnews

Comments


Iran and Turkey or Iraq and Turkey :-)