Rising Iraqi Fuel Prices Due to Insurgency Attacks
Iraqi Fuel Prices
Per the BBC:
Men marched along the main street protesting against a lack of basic services and the government's decision to raise petrol prices threefold 13 days ago. An overnight curfew was imposed.
The demonstration comes as Iraq grapples with a fuel crisis stemming from the closure of a major refinery in the north that has prompted panic buying of fuel and long queues at petrol stations. The refinery, in the northern town of Baiji, was closed 10 days ago following death threats to tanker drivers.
If the insurgency is responsible for the rising fuel costs and decreased supply, seems that everyone in the region has a very vested interest in taking care of that problem. It's pretty simple economics, end the insurgency attacks on the oil production and oil supply goes up. If supply goes up, prices for Iraqis go down and the more oil sold, the more money the government takes in to spend on redevelopment..............................