Friday, September 6, 2013
Week 4: Summary on 'Scary Oil'
Rises in oil prices are detrimental to the global economy. Oil prices increase because of distress between military conflict between Israel and Iran. Previous global recessions, leading to the tremendous increase in oil prices, were caused by the political tensions in the Middle East. US and Israel will use military means to stop Iran from developing nuclear weapons, which could be the reason for the next global recession.
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Oil prices increase because of distress between military conflict between Israel and Iran. Previous global recessions, leading to the tremendous increase in oil prices, were caused by the political tensions in the Middle East.
ReplyDeleteWell written with regard to grammatical accuracy but with regard to the above, have Israel and Iran been responsible for all of the recessions mentioned?