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Saturday, August 31, 2013

Trouble in Syria and Egypt cause oil price spike and trouble in capital markets

Ateneo Professor on Entrepreneurship

From fox news video

We expect more spikes in prices of oil products in coming days because of concern on security issues in the Middle east, namely:  Egypt and Syria.  The planned  air strikes vs Syria because of the use of chemical weapons and the military action vs protesters in Egypt have caused peace and order concern.

Let us remind our motorists and driver that it is not the government and oil companies that cause oil price hike;  it is the uncertain supply but the local government is unable to control nor regulate the crude oil price in the world market.  Perhaps, our kababayan would be smart to believe that and not be misled by the propagandists who say otherwise and continue to cause local troubles. <as strikes, transport stoppages> that does nothing at all

Could there be civil war in Syria?

Could the air strike lead into a world war?  Why did UK back out in supporting US in air strike?  Why is Russia (Syria's ally) against punitive action vs Syria

Could the trouble in Egypt escalate into a bigger problem?

What is the effect of these troubles to the world economy?

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