Oil Goes up as USA Ships Fired on Boats in Persian Gulf
Financial News
Consumer Confidence Falls to a 26 Year Low
Many States Appear to be in Recession
Countrywide CEO made $132M 07 (For Some People a Recession Means Nothing)
Stimulus Payment Coming earlier!!!
News
Israel Call Jimmy Carter a ‘Bigot’
Man Killed by Shark
Food Crisis Overshadows Climate Change
Election 2008
Obama Targets Gas-Prices, Hillary attack Obama on Debates
Double Team! McCain and Huckabee team up
Can McCain be a Ladies Man? (Win Over Women Voters)
Wow…
Cloud of Bees
My View:
First Thank you for visiting my site.
It has been a unique day in the news. The Economy is heading further into to dump. The Democrats are too busy arguing to unite and the Republicans McCain and Huckabee decided to join forces.
The Main headline is that oil has jumped. This time it was caused by raising tensions in the Persian Gulf. Iran and the US are at a ‘qusi-cold war’. There is a lot of rhetoric being thrown around, especially by Iran. What does this mean? In layman terms, it means higher prices do to the fact investors think the oil supply could be threaten by a war.
Is a war really possible? Yes and No. I can not see a war starting between the US and Iran any time soon, but it doesn’t mean it won’t happen. Iran does not have the capabilities to fight against a superpower, even if it thinks it is the world strongest nation. The US on the other hand, doesn’t have the political will to fight another war. It might happen if Iran continues defying the IAEA, and completely ignores the rest of the world, or attack Israel. Then there will be a war, but like I said. The United States lacks the political will to fight another war just for the hell of it.
Thanks Rob
