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Friday, April 8, 2011

Current events-world economy

http://news.yahoo.com/s/nm/20110408/bs_nm/us_markets_oil

$113 a barrel....highest since September of 2008. Gas = $3.95 a gallon

The surge in oil prices is stoking inflationary concerns for governments worldwide due to the potential adverse impact on economic growth of the rising cost of foodstuffs and raw materials, and the risk of demand destruction.

P.S  "In Syria witnesses said security forces killed at least 10 pro-democracy protestors in Deraa as unrest flared after Friday prayers, a favored time for demonstrations in the Middle East, and dozens of protestors were wounded in clashes in Yemen."

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