Friday, June 13, 2008

Every $10 oil rise ups US Air Force costs $610 mln

WASHINGTON, May 22 (Reuters) - The U.S. Air Force operates the "world's largest airline" and every $10-per-barrel increase in crude oil boosts its annual operating costs by $610 million, Air Force Secretary Michael Wynne said on Thursday.

The Air Force's bill for aviation fuel was about $6 billion in fiscal 2007, Wynne told a defense industry group. He declined to predict what the total would be for 2008. Read more..

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