Friday, April 25, 2008

The World Economy

Yesterday the oil price in the New York crude market touched all time high i.e $120 per barrel ! Though it came down by few cents within hours , but it is alarming. Following the cue the London crude price also spiraled high. Obviously the high crude price is going make you and me pay through our nose even for buying essentials. They blame OPEC, being inflexible to increase the production, the Nigerian crisis, the Iranian imbroglio and the devastated Iraq. Besides , there is no dearth of speculators to fish in troubled water, who are speculating on oil and making a hay day for themselves.

These all are things to be contemplated and discussed by the national leaders and economic thinkers, but how about the common men? Who will be their messiah to save them? Is there any answer?

No comments: