Friday 4 July 2008

Oil prices jumped up to $ 146.34


With new jump of oil preice .. to new target .. it reach yesterday $ 146.34 for the 1st time in the history .. It seems as it is going more up during the next few months .. may be it will reach to the target $ 200 per barrel before the end of 2008 .. and it seems as no solution in the near future to the mad oil market ..even if the production increased it will not drop the prices back 50% to go under $ 75 as it was in the middle of 2007 .. becouse with the sharp drop of the value of dollar .. which was the 1st reson behind that crazy increase of oil prices .. as it was with the other factor of production the bio fuel .. or the ethanol -85 both affecting to increase the prices of food by 82% within one year in all the world .. which both fuel and food high prices affect so badly alot of poor countries .. really the peoples living a very hard life in this poor countries as middle east and africa countries due to the low salaries which not be able to cover 50% of there human needs .. and 250 million of new peoples entered the very poor area only the last 10 months .

No comments:

My Drawings

The Best Favorite Videos

Some channels

Love for all

New visitors bloglog