Friday, May 23, 2008

Crude math: $10 equates to $610 million

Investors might want to take note. I wonder how much the Federal government is paying in higher fuel costs across the board?

Imagine the cost for state and local governments just to cover the rising fuel prices for school buses.

I really don't think much thought is going into all the higher cost issues for school systems across the country. We should be reading about budget crunches all across the country soon.

School lunches?
clipped from
he U.S. Air Force operates the
"world's largest airline" and every $10-per-barrel increase in
crude oil boosts its annual operating costs by $610 million,
Air Force Secretary Michael Wynne said on Thursday.
The Air Force's bill for aviation fuel was about $6 billion
in fiscal 2007, Wynne told a defense industry group. He
declined to predict what the total would be for 2008.
clipped from
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