Monday, 9 September 2013
Scary Oil Summary
The most important risk that the economy face today is any further rise in the price of oil. The reason for the rise is the fear of military conflict and global recessions. In response to the rise in oil prices, Iran could increase tension in Gulf. In order to prevent Iran from developing nuclear weapons, attacks are planned targeting Israeli embassies. If attacks failed, US will have to resort to force. The fear of a war will slow down the growth of the economy, and a war will lead to global recession. Oil prices are high despite the weak economic growth in several nations. Any further rise in oil will result in a global recession.
Subscribe to:
Post Comments (Atom)
The most important risk that the economy face(Verb form) today... The reason for the rise is the fear of military conflict and global recessions(Word form). In response to the rise in oil prices, Iran could increase tension in (^) Gulf. In order to prevent Iran from developing nuclear weapons, attacks are planned targeting Israeli embassies. If attacks failed(Verb form), US will have to resort to force. The fear of a war will slow down the growth of the economy, and a war will lead to (^)global recession. Oil prices are high despite the weak economic growth in several nations. Any further rise in oil will result in a global recession.
ReplyDelete(Link the final two sentences. What can you use to do this?)