Middle East

The Middle East has been a sensitive region, conflicts, wars, religion... now all these tensions are to blame for inflating the price of crude... Talk of war in the world’s most unstable region can inflate a hefty “war premium” into each barrel of OPEC oil. In the Middle East, wars seem to break-out every few years, and a pause in the fighting are often just a timeout, in order to re-supply and prepare for the next round of fighting.

If one wants to point the “finger of blame” at the biggest culprit, not the only culprit, but the biggest, behind the historic rise in crude oil prices, it’s no other than Federal Reserve chief Ben “B-52” Bernanke, whose decision to bail-out Wall Street brokers and banks this past summer, by slashing short-term interest rates, set in motion another US dollar devaluation, and sent global oil prices and gold sharply higher.

The Fed is the guardian of the world’s top reserve currency, and has a responsibility to defend the purchasing power of the greenback, and keep global inflation in check. But when push comes to shove, the Fed is providing strong support for the crude oil and gold market.
Whenever the stock market has a bad day, reporters from the mainstream media try to find plausible explanation, for why the market turned south. This week, the surge in crude oil prices above $87 per barrel was widely blamed for the market’s sudden tremors...and now to add to the critical situation we have the Turkey/Iran affair.....

WHAT THE WORLD NEEDS IS A ALTERNATIVE ENERGY SOURCE, LETS ALL PUSH FOR A DIFFERENT ENERGY SOURCE...LET THIS OBJECTIVE BECOME ALIVE...ITS FOR THE GOOD OF ALL...