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i tot those drive can feel the pain...i oso feel the pain when i went supermart with mum last sunday....cooking oil almost up 50%......sighs...noticed a lot of things are getting very exp...yet salary...
the inflation is such a big issue and with oil prices keep breaking new highs...very jialat for us also...
Sentiment rules esp. with inflation in mind.....just food for thought.....if US and many countries slow down....demand fall....will the price fall???? However, if FED were to lower rate some more...encourage inflationary spiral....bad for the market....
Oil futures hit record as euro climbs on Weber remarks
By Steve Goldstein
Last update: 7:04 a.m. EDT March 11, 2008
LONDON -- Oil futures hit a record for the fifth straight day, reaching as high as $109.20 a barrel despite the International Energy Agency trimming its forecast for world oil demand. With German Bundesbank President Axel Weber saying a high CPI leaves no leeway for rate cuts at the European Central Bank, the euro climbed to $1.5479, helping carry oil along with it. Oil futures were recently trading up 84 cents to $108.81 a barrel.
yes, world money will eventually ended up in OPEC countries and for sure rich and poor gap widening... and for sure it only benefit few among millions of the population
Well, based on the instinct, I am afraid, speculative player of crude oil just beware. Time is about to "PEAK FALL" for crude oil price most likely. (CAVEAT EMPTOR)
The surging price of oil may make the Arabs and OPEC members filthy rich. But what they didn't want to know is that their unwillingess to do something to bring down the price of oil is equivalent to shooting themselves in the feet, and then in the ass. Higher oil prices make oil based products and operations very expensive and ultimately affect food, services and material prices. Then it causes unbearable inflation to the poor people of the whole world even in the rich countries, i.e. their own people. Eventually what they may earn in higher oil prices go to the higher food costs, services and materials. And with rising food and super inflation, their money will eventually become somewhat like banana papers. Am I right?