Wednesday, 11 September 2013

Scary Oil Summary



The increase in oil prices which partly due to the military conflict tension between US and Iran has worsened the current global economy recessions. If the attempt of US to prevent Iran from developing nuclear weapons fails, it is likely military action will have to  act on to stop Iran which will further spike in oil prices. This has increases the worrying as the global recessions prior to 2008, were also caused by the geopolitical tensions in the Middle East that resulting in a sharp spike in oil prices. Despite the global growth in economy slowdown, the price of the oil had already achieve $100/barrel. According to the economist, the price will go even higher, even if no military conflict takes place.

1 comment:

  1. The increase in oil prices which (^) partly due to the military /conflict tension (Delete one of these words)/ between US and Iran has worsened the current global economy(Word form) recessions(word form). If the attempt of (^) US to prevent Iran from developing nuclear weapons fails, it is likely military action will have to /act on (wrong words)/ to stop Iran which will further spike in(Delete) oil prices. This has increases(Verb form) /the worrying(?)/ as the global recessions prior to 2008, were also caused by the geopolitical tensions in the Middle East that resulting(Word form) in a sharp spike in oil prices. Despite the global /growth in economy slowdown(rephrase)/, the price of the oil had already achieve(wrong word) $100/barrel. According to the economist(Which one?), the price will go even higher, even if no military conflict takes place.

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