TITLE

Services' Budgets Squeezed By Oil Spikes

AUTHOR(S)
Rutherford, Emelie
PUB. DATE
April 2013
SOURCE
Defense Daily;4/18/2013, Vol. 258 Issue 15, p6
SOURCE TYPE
Market Research Report
DOC. TYPE
Article
ABSTRACT
The article reports on the tight budget for the fuel consumption of the U.S. military. Senate Armed, Services Readiness and Management Support subcommittee chairwoman Jeanne Shaheen discussed the impact of the volatility of fuel prices on their readiness. According to Admiral Mark Ferguson, vice chief of Naval Operations, the Navy is facing a bill of $450 million because of a recent fuel price hikes.
ACCESSION #
87626735

 

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