I was watching this on the news tonight. Apparently the pirates are making a killing on ransom payments. There's 100 million dollars worth of crude on that tanker. NATO states they aren't in the business of rescuing ships so count them out for any help. The pirates use the money to buy bigger guns, faster ships and more high tech GPS equipment. Crazy
The only part that bothers me is that somehow we may end up being the ones to pay the ransom, at the pumps. Oil companies are notorious for using any excuse to raise the prices.
It's not just oil the pirates have, they have a fishing ship and a grain ship. U.S. thinks ships should have armed guards according to the report i'm just watching on the CBC. Makes you wonder if Somalia will be the next hot spot for military action in the world. Millions of dollars this year has been paid to Somali pirates this year. Pirates are now just going to cause us more problems, in the end just someone else causing prices for us to go up.
It's not just oil the pirates have, they have a fishing ship and a grain ship. U.S. thinks ships should have armed guards according to the report i'm just watching on the CBC. Makes you wonder if Somalia will be the next hot spot for military action in the world. Millions of dollars this year has been paid to Somali pirates this year. Pirates are now just going to cause us more problems, in the end just someone else causing prices for us to go up.
how come they never high jack a boat filled with import cars ? no demand ?
everybody doesn't need an import, but we all need the oil no matter what we drive...of course with everything the Somalis hijack who knows what else they might have!