Monday, August 11, 2014

WIDESPREAD VIOLENCE IN POLITICAL DISPUTE SANCTION AND MILITARY CONFLICT HAS ATTRIBUTED TO HIGHER CRUDE OIL AND GAS PRICES IN THE USA AND EUROPEAN UNION COUNTRIES.

WIDESPREAD VIOLENCE IN POLITICAL DISPUTE, SANCTION AND MILITARY CONFLICT HAS ATTRIBUTED TO HIGHER CRUDE OIL AND GAS PRICES IN THE USA AND EUROPEAN UNION COUNTRIES.

      Widespread violence in the Middle East, the Arab World and Persian Gulf countries in extended political dispute, sanction and military conflict, specifically in Russia, Israel, Palestine, Iran, Iraq, Syria and Afghanistan has attributed to higher crude oil and gas prices at gas stations in both the USA and European Union countries. In the USA crude oil prices have exceeded a hundred dollars plus, while gas prices have exceeded four dollars per/liter in many places and five dollars in other places. The World's largest oil producing countries that have not been affected by the widespread violence and sanction have unfortunately not been able to exceed their production capacity limit to meet the higher and ever increasing demand for fossil fuel energy source in crude oil increasing purchase, sale and use in the World markets. Few Arab World leading petroleum producing nations such as Saudi Arabia, Kuwait, Qatar and the United Arab Emirates have repeatedly struggled to compensate for the decrease in fuel supply demand in the USA and European Union countries, due to the sanction against Russia, Iran and Syria. However, motorists on road, particularly in the USA and Europe have been advised to seek alternative and Environment friendly means of transportation that may entail public commuter trains transport, buses, or bicycles ride and long distance walk on foot.

                                               Written by Professor Godfrey Ohia

Paypal account details : Name Professor Godfrey Ohia
E-mail address : ohiaprofessorgodfrey90@gmail.com
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