Tuesday, April 12, 2011

Will it affect us?

Many people wondered if the turmoil in Egypt affect us, the U.S.? well truth be told, it already has, mainly because of what happens to oil prices when global tensions rise. Oil prices have been increasing in the past two weeks, and have topped $100. This does nothing but increases the price for gas and slows down a portion of our economic growth. Egypt has increased risk premiums on shipping insurance, which drives up the cost of oil and gas imports as well as other cargo.

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