Oil prices, carriers and the Spanish government
By: psr, 2008-06-14
The recent increase in oil prices affects all transport. Air, ground and sea transportation, passenger and cargo alike, have seen their costs rising in the last few months.
Analysts have provided several theories on the causes behind the oil price hike. Some put the blame on the credit crisis in the USA, others blame oil producers, others point at the US Federal Reserve, and others remind us of the significant increase in energy demand. I am not going to analyze the reasons here.
This week Spain saw a strike by some truck drivers (apparently about 20% of them), demanding Government intervention to help their activity, after fuel price increases are rendering their business a loss-making operation. Their strike blocked major communication roads around the main …
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