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Euro Soars In Value-Dollar Goes Down!

OPEC’s Secretary-General, Abdullah al-Badri, told the Middle East Economic Digest, there is a strong possibility the price of oil will switch from being pegged with dollars to the euro being the...

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Bush Seeks Oil Help From Saudi Arabia

Once again, President Bush attempted to persuade the King of Arabia to pump out more oil in order to lower prices and once again nothing happened except an exchange of pleasantries. Bush tried to...

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Iranian President Sends Greetings To Obama

Iranian relations with the United States literally does not exist due to Bush hostility and verbal extremism from President Ahmadinejad. The election of Barack Obama has elicited unusual warm greetings...

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Socialism– Hugo Chavez Style — Will It Work?

President Hugo Chavez of Venezuela has been using large amounts of money generated by the huge surge in oil prices to fund both internal developments in his nation as well as to support other Latin...

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