Oil Crisis
After the Kuwait war, oil prices are started going up. Till now, there is no change. In this situation, some questions raised on me. 1. Who controls and owns the oil ? 2. Why the oil price is going high? 3. Oil production is mostly in Asian region. Then, why can't Asian countries get a reduced rate ? Global financial strategies are depend on two currencies. 1. US Dollar and 2. Japanese Yen. Yen, doesn't have competitor, this may be because, most of the productions, quality products and the companies, we can't avoid are Japanese. But, US Dollar has number of competitors. The first competition starts, when European Union started to trade in their common currency called, EURO. Now, the second competitor is arising. Still not given any name for that and still under evaluation. This would be played a major role, since the second common currency is arising from Gulf Region (GCC). Since half of the world oil production is from Gulf Region, GCC's co...