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Thread: Tensions rise in the Middle East due to high oil prices

  1. #1
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    Default Tensions rise in the Middle East due to high oil prices

    AMMAN, Jordan ? Even as it enriches Arab rulers, the recent oil-price boom is helping to fuel an extraordinary rise in the cost of food and other basic goods that is squeezing this region?s middle class and setting off strikes, demonstrations and occasional riots from Morocco to the Persian Gulf.

    http://www.nytimes.com/2008/02/25/wo...conomy.html?hp

  2. #2

    Default Re: Tensions rise in the Middle East due to high oil prices

    I'm not sure who is more dependent on oil, us or them?

    Hopefully someday we will develop an alternative.

    The Arabs had better be prepared for that day.

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