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For most #airlines, a primary factor in recent results has been a windfall from lower fuel prices. Our analysis of IATA data shows that the 2015 global industry operating #profit of $59 billion (8.3 percent margin) would have swung to a loss of $6 billion (–0.9 percent margin) if #fuelprices had remained at 2014 levels #profitability
Consumers of fuel will be paying more on fuel beginning September 1, the Chamber of Petroleum Consumers Ghana (COPECGH) has predicted. The hikes in the pricing, the chamber explained come as figures emanating from the various Bulk Distribution Companies point to an imminent upward adjustment in pump prices. “Figures from the various Bulk Distribution Companies …
Another Pipeline War..............Robert Kennedy Jr. writes: The fossil fuel industry's business model is to externalize its costs by clawing in obscene subsidies and tax deductions - causing grave environmental costs, including toxic pollution and global warming. Among the other unassessed prices of the world's addiction to oil are social chaos, war, terror, the refugee crisis overseas, and the loss of democracy and civil rights abroad and at home.