Sat, Jan 31, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Energy, Oil, Price Watch more

Oil prices prompt search for fuel alternatives

Posted on 03 February 2009

From FT: Cost pressures on military budgets, caused in part by last year’s rocketing oil prices, are pushing the UK and other leading powers to consider alternative fuels and propulsion technologies.

Fuel costs accounted for $17bn of the combined budget for the world’s top 20 military spenders last year, and the sharp increase in the price of oil added $6bn to the bill, according to estimates in a Jane’s Industry Quarterly study last month….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 39041 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
January 2015
S M T W T F S
« Dec    
 123
45678910
11121314151617
18192021222324
25262728293031