Breaking News from Moneynews.com Middle East Unrest Could Push Oil Price Skyward, Threaten Recovery
There are two ways to look at the street fights unfolding in Cairo and other Middle Eastern capitals: As the inevitable spread of freedom and democracy to pockets of the world long run by iron-fisted monarchs and strongmen. Or, and possibly also, as the beginning of the end of a Western economic recovery. Couple that with inflation created by central bank printing presses, and you could easily end up with much, much higher oil prices.
Friday, 28 January 2011
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