As petrol prices start to climb we can be sure that profiteering is happening in the retail fuel sector... how?
Well, as pointed yesterday by @alantperry -
'As Canadian economist Jim Stanford recently pointed out, the petrol you are pumping into your car at inflated prices was refined weeks ago from oil extracted months ago. So why, other than profiteering, is the price rising? Funny how an increased *future* price of oil is applied retroactively'!
All on show right now!
Oil from Venezuela does not go through Ormuz.
Guess who knew that.