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Indonesia is a major oil producer, yet gasoline prices did not spike

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question everything Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-08-05 09:52 AM
Original message
Indonesia is a major oil producer, yet gasoline prices did not spike
following the tsunami. Interesting, isn't it?

I am not a conspiracy theorist, but usu sally, the slightest glitch of supply causes a spike. What gives?
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ayeshahaqqiqa Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-08-05 09:53 AM
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1. who owns the Indonesian oil?
I would assume Royal Dutch Shell...and aren't they one of the few oil companies that isn't totally in the Bush camp?
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AwakeAtLast Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-08-05 09:55 AM
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2. Tourists did not get warnings, but I am sure oil producers did.
That would be the only logical explanation in my mind.
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youngred Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-08-05 09:56 AM
Response to Reply #2
4. they couldn't have had THAT much warning
to cover any long term affects they would have had to have had several weeks warning, which is impossible
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youngred Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-08-05 09:56 AM
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3. not that major though
I believe most of their oil production is not on the Indian Ocean side of the islands and would not be affected. If anything they would increse production to offset the damages. Furthermore compared to Saudi Arabia, Iraq, The gulf States, Venezuela and Nigeria they are a small producer that supplies mostly regional markets
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lenidog Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-08-05 10:10 AM
Response to Reply #3
5. You are correct
Edited on Sat Jan-08-05 10:11 AM by lenidog
If I recall most or all of the oil fields are on the northern part of Borneo facing Vietnam and the Philipines. So they received no damage at all.
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