The true cost of fuelling conflict
Tuesday, June 23, 2015 - 13:00
in Mathematics & Economics
The United States Department of Defense (DOD) is widely reported to be the single largest consumer of petroleum in the world, spending billions of dollars on fuel every year. While the DOD provides Congress with yearly budget estimates, ongoing conflicts in the Middle East along with a volatile crude oil market have resulted in wide discrepancies between budgeted and actual fuel costs.