It doesn't take a financial wizard to know what will happen to the American economy and its people if oil prices go up much further. We would experience an inflation that has never been witnessed before. Our dollars will buy much less food and our heating and cooling costs will become unaffordable. Bicycles will have to be used by workers who couldn't afford the expenses of getting to their job. It sounds like a nightmare but all these problems and much more will happen if energy costs keep rising.
The Middle Eastern countries are sitting on more than half of the known oil reserves; fortunately it is controlled by fair minded business people that keep the price of oil as low as possible. But if these oil supplies would ever fall into the hands of radical politicians they would charge as much as they can get for the oil. It would make the radical politicians rich and destroy the economies of the rest of the world. This would be bad news and it must not be allowed to happen.
Radical Arab politicians are calling for unity. They want to establish an Iranian Empire that would encompass the oil rich nations of the Middle East. Only a fool can be blind to their motives. They promise their poor followers riches beyond their wildest dreams. They say it would be possible if they could own the oil fields. They are liars because if successful these politicians would follow their Arab brothers who keep the billions in oil profits for themselves. The poor would remain poor.
It is the duty of world leaders to prevent the oil fields in the Middle East from falling into the hands of radical politicians. If they let that happen they are neglecting their responsibilities to the people. There are those that say that we should get out of the area and let the radical politicians take possession of the oil fields. I am sure that our wise leaders would never let that happen. We must be prepared to stay in the area until the price of oil is sure to be affordable.
melpol
Published by MP
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2 Comments
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Nice article!................quoting you here : "Radical Arab politicians are calling for unity. They want to establish an Iranian Empire that would encompass the oil rich nations of the Middle East. Only a fool can be blind to their motives. They promise their poor followers riches beyond their wildest dreams. They say it would be possible if they could own the oil fields. They are liars because if successful these politicians would follow their Arab brothers who keep the billions in oil profits for themselves. The poor would remain poor."...............I don't think there is any truth in that. It is evident that our own politicians and the CEOs of the big oil companies internally manipulate the price of gas and reap the benefit in billions of dollars...............and what about our own oil reserve ? why cannot we utilize that ? If we don't want to fall victim to the "Radical Arab politicians", isn't it up to our leaders to find a solution to that and fast ?