OILY NATURE OF PRESENT SITUATION

The world as one global village concept is ever more true and frightening. A butterfly flaps its wing in New York, the ripple or the waves are felt in KL and elsewhere on the planet earth. Citizens of the world must think hard about the oily nature of the current situation viz depleting world energy sources, war, high cost of fuel, inflation going to recession and the list goes on and on. Perhaps someone might take the challenge of the job vacancy advertised on the post below.


Wall Street ends mostly lower on economic worries


"The dollar rose on recent supportive comments by U.S. officials, prompting selling by investors who had bought commodities such as oil as a hedge against inflation. Also, a stronger dollar makes oil more expensive to investors overseas."

"Reports that Saudi Arabia has increased oil output by 500,000 barrels a day this quarter, 200,000 barrels a day more than previously thought, added some pressure to the market. Still, analysts said the Saudi move was only a peripheral factor in Tuesday's price drop"

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http://biz.yahoo.com/ap/080610/oil_prices.html


"Oil prices surged to a record of $139.12 last week on the New York Mercantile Exchange. On Tuesday, oil futures traded near $131 a barrel on the Nymex"

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biz.yahoo.com/ap/080610/oil_forecasts.html