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Showing posts with the label The Great Recession

THE PRICE OF OIL

The price oil over the past two days: Was at $91/barrel over the past weekend. Shot up to just under $116/barrel when the market opened yesterday. Then fell to $85/barrel at 5PM yesterday. Over the past 24 hours, there was  low of $78.5/barrel. At 3PM EDT today, the price was $84/barrel. During the past month: Oil sat at around $65/barrel. Was as low as $61/barrel a little more than a month ago, February 12 Was up to $67/barrel at the end of February. War started on February 28. On March 2 oil rose to $71/barrel and went up to $95/barrel on March 9. So you might say with that one skyrocket price yesterday, the price of oil went up $19/barrel since the war started. From  Wikipedia: The   price of oil , or the   oil price , generally refers to the   spot price   of a   barrel (159 litres) of   benchmark crude oil —a reference price for buyers and sellers of crude oil such as   West Texas Intermediate   (WTI),   Brent Crude ,   Du...

WORLD PEACE

During the past few weeks I have focused on the theme of War and Peace on this nostalgic Tuesday.  However, I previously only analyzed the War portion.  This all  began on August 5  with my first  Huffington Post  article:   Well, Barack, We have a Problem.. ., which was published on 29May2008.  That initial  HuffPo  was an article on peace. On 23March2009 my  HuffPo  was entitled  The 10% Solution .  This essay provided details to that first attempt:  an ultimate plan to attain World Peace. The timing was right, for the world had suffered through the  Great Recession  from December 2007, and would continue through the date of this article into June 2009. The U.S. stock market had dropped 35%, but Chinese and Russian stocks fell 70%. There was no serious enemy during this period, for Iran was losing money producing oil, there were ragtag bunches of terrorists in the Middle East and North Korea was ...