Oil Prices now Cross the $115 mark
Thursday, April 17th, 2008This week the price of Oil has crossed new marks. Earlier in the week it cross the USD$113 and the USD $114 mark and yesterday it push past the the $115 mark. Many Analyst continue to predict that the Price of Oil could reach as high as $150 while a few project $200.
One thing for sure the world is in a crisis. Not only has the prices of Oil risen to new heights but prices of food and other commodities have done the same. Since September of last year the price of wheat, corn, soya, corn, rice on the world market has risen by as much as 40 according to world bank reports. The price of Gold and other commodities have also hit record marks.
Jamaicans and the world have many things to ponder and rightly so. Many ask where are the answers to these. For some it is wrapped up in the economics of demand and supply, others point to speculators while others in the Christian’s circles point to the fact that these are end-times and the answers are in the Bible.