Originally Posted by
Luskan
The war has
very little to do with the increasing price of oil because there are also circumstances during the siege of Iraq that oil price decreased , I think it all boils to demand by the consumers and the weakening of our peso. If our peso grows strong again there are chances that the prices of petroleum will decrease since we buy petroleum in terms of dollars.
we're not the only country worried sick about the oil price hike.. US and all the other G8 are greatly being affected and this holds true for all the other importer of oil..