If anyone needed proof that it doesn't take much to make gas prices jump, here it is: Reuters reports that world oil prices leaped again today because a Tulsa, Okla., TV station published an erroneous report on its Web site.
The report claimed that a lightning strike had touched off a fire at a Tulsa-area refinery. The managers of the refinery, apparently noting that they were not on fire, promptly extinguished the false report, and the TV station removed it from their site. Not quickly enough, however, to prevent oil traders around the globe from pressing the panic button and sending crude prices spiraling up another 40 cents a barrel.
I find this story disturbing on several levels:
Interesting to note, a very similiar incident occured just two weeks ago when a fake email was published on Engadget, subsequently sinking the Apple stock price.
quote: In a place like England your Job is one or two blocks away.
quote: All the jobs are located in the industrialized and commercial sectors of major metropolitan areas...
quote: ...where mass transit is widely available.
quote: God forbid if they have to use their 60 mpg rated mini-coopers.