Solve this puzzle
By jidesh
@jidesh (283)
Canada
April 3, 2008 12:03pm CST
The global demand for oil is rising.
Energy/Oil prices are increasing, causing food and other products to go up in price.[inflation]
OPEC refuses to raise production levels, insisting a U.S. recession will lower demand.
The US dollar falls to a 12 year low.
The weaker dollar makes "dollar-oil" cheaper on the commodity markets so speculation contributes to inflated oils prices.
It's two days after the Fed's pumped 200 Billion into the credit market and the dow is down about 200 points. Conventional solutions...cutting intrest rates...are failing to arrest the decline of the economy.
How would you solve this?
1 person likes this
1 response
@Phlamingho (7822)
• Denmark
3 Apr 08
There's only one way to solve it... Get rid of the oil and invenst in solar / wind / wave energy :)

