Monday, February 25, 2008

Oil and inflation - the other side of the coin (os)

Here you can find an article, which in my opinion gives a good picture of the consequences of the rising oil prices in the countries of the middle east. To economists it is nothing new, that a flush of money will raise prices soon or later. Interesting in this case is, how clearly you can see that rising oil prices not only increases the wealth of a country or region but also shrink it!