- February 9, 2009
- Posted by: admin
- Categories: Blog, World Economics
During the past 8 months, crude oil has declined form 147.00 USD a barrel to 36.00 USD a barrel. International markets have felt the ripple effect of this diving commodity, the world over. From third world countries to NATO powers, from Hedge funds to equity markets, none have been left unpunished.
Lets talk about why this happened, and what can be done to prevent it from happening again. Is it really a case of a supply demand gap, or has this been the most severe economic manipulation ever, under the hood of war games and regional economic warfare.
Most people blame the bush administration for this aftermath, however few realize that the middle east and its oil production also has a big role to play in this dilemma. Furthermore, the severe downturn of oil prices can only be caused by repeated shorting at the commodity level.
Please state your thoughts on who you feel is responsible. Also, state solutions with rationale, on how this can be prevented from happening within any other commodity or international market.