Posts tagged as:

world economy

CNN reports: Many similarities in Arab Spring, European chaos

by an Unemployed White Male on November 21, 2011

in American Culture

(CNN) — The victory of the opposition Popular Party in Spain’s general election means that seven leaders or governments around the Mediterranean have been thrown out within the last year, amid an explosion of popular protest. Several more are fighting for their survival. Places often perceived as the cradle of civilization have become bywords for political chaos. The causes are various, but there are common strands that suggest the fallout from 2011 will be with us for many years to come.

http://www.cnn.com/2011/11/21/world/europe/arab-spring-europe/index.html

{ Comments on this entry are closed }

Vast liberalization and democratization in the Middle East could be positive for oil production in the long run. Just look at what happened in Russia and Iraq.

The price of oil is already indicating to us that the current turmoil in the Middle East will not be resolved in the short term. Prices of most major grades of oil spiked last week after tensions heightened in Libya and, although they’ve retreated a bit, they remain volatile.

Read the Fortune article at CNNMoney.com.

{ Comments on this entry are closed }