If the situation in the Middle East continues to spiral downward how high will gas prices get?
I am thinking that on a short term basis, gas prices could rise to $5.00 a gallon -- but I think that once things settle down in the Middle East( that is to say fighting resolves and some sort of order returns ) they will settle at a lower level. The markets hate uncertainty but can adjust to almost anything else.
The bigger danger IMHO is long term inflation brought about by the increase in prices for oil based plastics
the irony is that there is enough oil outside of the middle east to suit the needs of north americans but the problems there are just an excuse to raise the price of fuel. lybia only makes about 1.4% of the worlds oil but since they have had problems lately, big oil uses this as a way to justify increasing the price.
by peter5652 years ago
If George Bush had no prejudice towards the Muslims/Middle East, would Iraq war be over now?Despite George Bush an ex army Major, his administration had a lot of bad policy in regards to the war in Iraq and Afghanistan,...
by nightwork46 years ago
Do you think the Middle East will ever be peacefull?is it a realistic idea that peace will ever occur for the middle east as a whole or is it always going to be a hot-bed for violence?
by ahorseback10 months ago
Let's hear your arguments against that one ? The left knew this too and their biased observations are only justified by short term political memory and anti- war agenda !
by Ashutosh Joshi17 months ago
What's your opinion on this 'War on Terrorism' in the Middle East?
by nightwork46 years ago
would the western world be better off ignoring problems in the middle east?it seems to backfire when ever the west gets involved, should we just let them solve their own problems or keep trying to influence them?
by Ralph Deeds6 years ago
Is Israel about to attack Iran? Many believe that a war in the Middle East is imminent.Netanyahu and Barak apparently believe that Israel has no choice to attack Iran's nuclear facilities. Former Mossad chief Meir Dagan...
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