Comments on: Oil, what the hell? http://ma6aba.com/blog/2008/06/oil-what-the-hell/ The house of the Ma6abas Wed, 08 Sep 2010 10:19:15 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Weld el-ma6aba http://ma6aba.com/blog/2008/06/oil-what-the-hell/comment-page-1/#comment-16872 Weld el-ma6aba Wed, 09 Jul 2008 11:19:23 +0000 http://ma6aba.com/blog/?p=631#comment-16872 skunk: you are right.. and i was wondering the same regarding how will people adapt.. and looking at the previous trend i can only imagine that the government will be spending shit load of money so the population can spend their money on fashion, travel, and more wants.. skunk: you are right.. and i was wondering the same regarding how will people adapt.. and looking at the previous trend i can only imagine that the government will be spending shit load of money so the population can spend their money on fashion, travel, and more wants..

]]> By: skunk http://ma6aba.com/blog/2008/06/oil-what-the-hell/comment-page-1/#comment-16517 skunk Mon, 30 Jun 2008 12:55:30 +0000 http://ma6aba.com/blog/?p=631#comment-16517 these oil prices arent even good for opec countries as it is the oil price itself which is the cause of the record inflation that even opec countries are suffering from. while alot of the world's money is coming here, alot is also going out to import stuff into this region cos nothing is made here. so rents are higher cos it costs more money to bring in materials to build new buildings, food is higher cos of transport costs, fertiliser costs, packaging costs, etc. politically, its also the source of the tensions between government and parliament. it might be too early to say but this price increase might be the worst thing to happen to this region in a long time. people in the west will adapt as they did in the 70's, the question is will people here adapt or will they make the governments waste the extra cash they're making? these oil prices arent even good for opec countries as it is the oil price itself which is the cause of the record inflation that even opec countries are suffering from. while alot of the world’s money is coming here, alot is also going out to import stuff into this region cos nothing is made here.

so rents are higher cos it costs more money to bring in materials to build new buildings, food is higher cos of transport costs, fertiliser costs, packaging costs, etc.

politically, its also the source of the tensions between government and parliament.

it might be too early to say but this price increase might be the worst thing to happen to this region in a long time. people in the west will adapt as they did in the 70’s, the question is will people here adapt or will they make the governments waste the extra cash they’re making?

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