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Benazir Butto is dead! (pg. 4)
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| JustinMead |
| quote: | Originally posted by d-miurge
“Nothing in the world is more dangerous than a sincere ignorance and conscientious stupidity.” |
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| Allied Nations |
| i think it will take a little longer for the suburban community outside toronto to feel the effects, but i agree with you completely |
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| BTG |
holy i heard on the news driving in to work today.
that is insane.
apparently gas prices are going up 3 cents because of this? i dont understand.
anyway, pretty crazy today. |
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| Allied Nations |
| quote: | Originally posted by BTG
holy i heard on the news driving in to work today.
that is insane.
apparently gas prices are going up 3 cents because of this? i dont understand. |
its ok no one expects you to :stongue: |
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| Ian |
| so do we know who actually did it ? I see Al Queada are being blamed by most english media outlets. |
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| BTG |
| quote: | Originally posted by Allied Nations
its ok no one expects you to :stongue: |
can you explain it to me? |
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| Allied Nations |
| quote: | Originally posted by BTG
can you explain it to me? |
war risk raises supply cost |
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| Krypton |
Really sad day for Pakistan.
It's just like when JFK and his brother were assassinated in the 1960's here in the USA. But they have Al-Qaida using their territory as home base #1, the situation there is quite volatile, and sure to affect the rest of the world... |
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| d-miurge |
| quote: | Originally posted by StanVoid
it's a set back for the world, actually. Oil already shot up in price today because of this and the stocks are down, so the very economy of your homeland will suffer. But hey - that doesn't affect you either huh? |
Pakistan has the nuclear weapon. |
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| UmmiE |
| quote: | Originally posted by Ian
so do we know who actually did it ? I see Al Queada are being blamed by most english media outlets. |
They are the sole cause for it.....Because they were against her going along the Bush Administration.
They want a political party which is based on Hardcore Taliban like style Govt in Pakistan which strictly cuts off USA from Pakistan.They knew that if the elections went ahead as planned then Benazir would win and they would miss any or whatever chance they have of establishing a Strict hardcore taliban like Goverment. |
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| Krypton |
| quote: | Originally posted by BTG
can you explain it to me? |
Risk is priced in the markets. Political instability increases the risk in investing in oil markets, especially instability in the Middle East. When there is elevated risk, investors require a higher rate of return to compensate them for the risk they take on in investing. So, prices rise to satisfy the "risk premium" investors want for their risk.
Risk and their premiums have absolutely nothing to do with supply or demand, but is a function of human psychology. It really boggles my mind. About 30% of current oil prices are PURELY risk premiums investors require because of instability in Nigeria, Iran, Iraq, and now Pakistan.
It just goes to show; the law of supply and demand does not rule the market all the time. |
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| ChemEnhanced |
| quote: | Originally posted by StanVoid
it's a set back for the world, actually. Oil already shot up in price today because of this and the stocks are down, so the very economy of your homeland will suffer. But hey - that doesn't affect you either huh? |
short term raise in oil prices is not a true affect on anyone.....it is a sad day yes.....Pakistan is in chaos now. This is all short term affects but politics is politics and someone will step up and take over where she left off. |
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