Get ready for Oil prices to Jump, Economist say it could destroy Economy

Already, oil trading in Europe has seen oil prices jump $2.00 per barrel since Friday.

It is due to the attacks on Libya.

In a CNNMoney survey  16 out 23 leading economists say rising oil prices are the number one threat to any economic recovery.

Interestingly The Federal Reserve showed little concern over rising oil/fuel prices during […] Continue Reading…

Arab League regrets supporting UN resolution against Libya. Emergency meeting called

“What we want is civilians’ protection not shelling more civilians.” said Amr Moussa, the head of the Arab League.

Moussa said international military actions have gone beyond any so called no fly zone, and are actually causing more civilian deaths.  This is exactly what critics of the resolution warned of.

French president Sarkozy […] Continue Reading…

Japan disaster adds to Global Food Supply woes

Not only have the agriculture industry, in north east Honshu, been hit by a natural disaster, they are suffering from the nuclear disaster as well.

Many farm fields were wiped out by the tsunami.  Because sea walls are destroyed, and land has actually sunk, the coastal areas could be under water for a time, especially […] Continue Reading…

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