Monday, January 5, 2009

War to spice up crude oil price???

I wonder how long can we continue to enjoy the current low oil price as crude oil rises above USD 47 a barrel due to the eruption of war in the middle East. It goes to show that whatever comes down will go up and whatever goes up will come down. As the whole world is condemning Israelis for the attack on Gaza Strips, maybe, the oil producing countries will have the last laugh as the tensions in the middle East will likely lead to the rise in the crude oil prices.

Is the war politically motivated? I mean is the waging of war by Israelis is not really because of their conflicts with Palestinian or so-called to fight terrorism but with other hidden agenda? May be there is a conspiracy to spice up the price of crude oil so that it will stimulate the world economy again? As you can see, USA is keeping mum on the attacks by Israelis on Palestinian.

Well, we will never know. This world is full of conspiracy, just that common people like us are too innocent to understand the complications of this world. What can we hope for is that the tensions in the middle east will soon be resolved peacefully, and the crude oil don't ever go up too high again.

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