It seems like the higher oil prices go-the worse the fighting gets in the MIDDLE EAST. Are high oil prices accelerating middle east conflict? What will this lead to?
2006-07-23 10:50:30 · 5 answers · asked by westphalia1 2 in News & Events ➔ Current Events
Actually, right now it's the war causing them to be high.
2006-07-23 10:54:12 · answer #1 · answered by Big Red 2 · 2⤊ 0⤋
Its the other way around.
Unrest, uncertainty, crisis increase today's demand for commodities like oil because of the risk that tomorrow's production could be less (due to damage, or embargo, or retaliatory cuts in supply)... thus pushing up higher prices. Fear mongering and speculators drive the price yet higher.
2006-07-23 17:57:50 · answer #2 · answered by mb5_ca 3 · 0⤊ 0⤋
so wait, you think that oil prices are somehow affecting hezbhalla's decision to attack israel and israel's decision to retaliate and then hezbholla's re-retaliation and ...?
What? I don't see any connection. Neither hezbholla nor israel have control of large quantities of oil, nor are they major consumers (with respect to global economies) of oil.
2006-07-23 17:55:23 · answer #3 · answered by Lord_of_Armenia 4 · 0⤊ 0⤋
it is the american policy to blame or is it the paln of iraqi saddam to use euros as their monetary to deal inernational and to have dollars plummet to the ground
2006-07-23 19:14:52 · answer #4 · answered by lepactodeloupes 5 · 0⤊ 0⤋
I don't even want to think about it. Can't be good.
2006-07-27 17:25:50 · answer #5 · answered by CottonPatch 7 · 0⤊ 0⤋