Will the rise in oil prices continue to slow the world economy causing more issues?”
This is an odd question because there are causes to the increasing price of oil too, it’s a chain link reaction to economies and the growing free market around the world. For example, China and India continue to demand more and more oil – thus giving rise to higher demand world-wide and higher prices. Then there’s the environmentalist wacko’s who, years ago, demanded we burn food for a source of fuel. So with corn prices rising due to the these wacko’s putting this into motion, the effects are now simply a matter of the chain link reaction I referred to above. The world is hungry for food, increasing its demand, and the nut-jobs who thought food-for-fuel was a good idea now have two problems: high food costs and high cost for oil. Which leads us to inflation, and so on… so not only do we feel poorer because of inflation, but the higher cost of oil is an added economy killer. Maybe the environmentalists will someday stop being a part of the problem and be a part of the overall solutio
