Saturday, 25 February 2012

Rising oil prices a concern

West Asia is reeling under severe standoff between the West and the arrogant states in the region. First Irag Afghanistan Libya Syria  Egypt and now Iran. Because of the turmoils in the west Asian regions Oil shocker has come . The oil prices going beyond reasonable limits and putting pressures on the developing countries economy.India and the oil production companies severely hit by abnormal prices. If escalation starts between Iran and Israel the whole world economic scenario may change . The common mans sufferings is going to be doubled..Developed and developing countries will suffer to the core.All Europe and Asian currencies will dip further creating too much disturbances. Hope wisdom may prevail.

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