http://www.bloomberg.com/news/2012-10-05/oil-falls-after-biggest-gain-in-two-months-set-for-weekly-drop.html
Oil is one of the most direly needed and fastest deplating resource we have on earth. We use it every day even every hour and without it I can't imagine what our life would be like. Riding a bike or a horse-drawn cairrage when going on a trip rather then hopping in a car or boarding your plane. Yes life would be unimagineable without oil.
That is why I found this article so intriguing. It took something so well known and wide spread such as the tension between Syria and Turkey and boiled it down to something so small in an economic mind frame. It explains how Syria is a large oil producer and can govern how they distribute their oil. Turkey is putting the Syrian government in a bad mood and like a person when someones in a bad mood they arent as willing to share. Economists in New York who make their money investing in oil every day are speculating the price on the exchange may go down making the price at the pump shoot up to where it was several months ago. Its incredible how something accross the world can effect us right here at home.
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I completely agree that oils are a major part of our lives. Our dependence on oil, however, is our greatest weakness, because it is nonrenewable source. We not only use oil for transportation, but for medical machinery, it powers the machines that determine life or death for thousands of people. Now that the oil is running out, in the middle east,there is no doubt that chaos is coming. Because of the world's unhealthy dependence on oil, many countries will be willing to fight for it. Could this be the cause of world war III? Should we focus on new energy sources?
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