Oh No.... crude oil at record high again ! Anyone here drive, in my country, 1 litres of petrol cost US$1.5 dollar.... gonna give up my car soon if it hit US$2 per litres
You are in Singapore? Singapore tip to tip is less than 40km, you really do not need a car in such a small place
It is not too long that it would scale up to $200 a barrel which would be definitely horrible for the developing countries. Simply said, the inflation is due to too much money chasing too little goods, where the common man is the worst affected.
it's a good thing I walk to work. I spend about $30 on gas a month. this is a lot because I used to spend about $30 ever 2 months.
Nowaday alot of cars in our country are converting to CNG gas tank (abt US$2000) to save on petrol but do you know in Singapore you can only own a car for 10 years only as we had a thing called certificate of entitlement valid for 10 years for car ownership
Take a taxi, Singapore's taxis are among the cheapest in the world. In Singapore I take taxis everywhere, they are so convenient and so cheap, much better than having your own vehicle.
The oil price is the main reason of this inflation. And other problems like global warming, wars and other issues also cause inflation.
The World has limited space, but mankind is growing, so we need space to live. Rich companies or individuals build houses or even a new villages, so the farming soil is converting into the living soil. So there are more people but less food, cause there is nowhere to grow that food. So the food is fewer, and what is fewer is costlier, so all of us, are in big trouble Maybe some Third World War would help, but then it would kill all of us, so I'm not sure about it
Seventh week in a row Inflation figure increasing in INDIA. This week it is 7.83 , last week it was 7.61 It seems that it will go above 8 in coming week. D anger for present government.
crude oil surpass US$135 this week, many hedge funds cooking up the crude oil price to new high with their long futures position
I guess the Oracle of Ohama is right,derivatives trading are really destructive. He expects a prolong and deep recession, so I guess inflation won't be a problem but finding a job will be soon.
Here in India, chicken was like Rs.36/kilo few months back.. Right now its Rs.80/kilo! 'm turning veggie..
On Friday 23 / 5 / 2008 , Inflation figure in India is 7.85 which shows that now it is going to a halt as last week it was 7.83. So lets hope for good in coming weeks. But Congress lost Karnataka poll just due to this inflation only.
cchetanonline bhai even i am from India and i am a trader too in bse , nse but last friday also inflation raised with some percents from last 3 weeks its is continuously rising because of oil prices . Even d0own jones looking very week too .
Yes. The Finance Minister of India is trying is level best to calm the people down. I mean, common people can't even keep up with the rates nowadays. It's getting depressing. Even though I'm from a middle class family and my dad doesn't seem to bother much about the inflation (or so he seems to keep us from worrying), the price rise is beginning to show on the common man. But even with all this, the upper class doesn't seem to want to stay out of the supermarkets and malls.