Economics is so complicated. Oil price went up due to speculation, it came down coz of recession and lack of demand. And the sad part is nobody knows what is gonna happen next and no one has control over the prices. This is a mystery just like God !!!
BTW I have added ur blog in my list. Hope its alright with u:)
Many years ago when i worked in the MEast it was under $20 a barrel. Now it is $38 or so. I think this is where the oil price should be. Rest of it is all speculatory.
LOL!!! Man is never happy.
ReplyDeleteEconomics is so complicated. Oil price went up due to speculation, it came down coz of recession and lack of demand. And the sad part is nobody knows what is gonna happen next and no one has control over the prices. This is a mystery just like God !!!
ReplyDeleteBTW I have added ur blog in my list. Hope its alright with u:)
It is kind of you to add me to your blog..
ReplyDeleteit is times likes these that prove that there is a God :)
Many years ago when i worked in the MEast it was under $20 a barrel. Now it is $38 or so. I think this is where the oil price should be. Rest of it is all speculatory.
ReplyDeleteMaddy, we hope some are satisfied with this price.. but then does human nature tolerate "satisfaction"?
ReplyDeleteHi, Thanks for the kind wishes.
ReplyDeleteWish u and ur family a prosperous year ahead, filled with Joy and Happiness:)