Oil Price Rising ……
June 25, 2008
Almost all the newspapers have reported that the OPEC authorities have said that they have done everything in their power to control the oil prices-by increasing production in countries such as Saudi Arabia and Kuwait.
Still the oil prices are steadily rising and the OPEC now says that it is not in their hands anymore .The prices are rising only because of the speculators and for no other reason and if these practices are to continue,prices will continue to rise.
I don’t know why the speculators do not forsee the after effects of this unprecedented price hike.The poor and the middle classes all over the world are suffering.Prices of all essential commodities are increasing because of the oil cost incurred during transportation.
In Indonesia the peoples’ suffering has reached the point where parents have resorted to selling their children or sending them off to orphanages as they cannot feed them.
“Hundreds and thousands of children live in orphanages in Indonesia and their number is steadily rising.This is directly proportional to the rise in oil prices” says ‘Save The Children, USA’.
So what is the solution?
The only solution is to stop speculation on crude oil.Nowadays after air and water,the next most essential commodity essential for survival is oil.If speculators continue at this pace, the next commodity to be introduced into the trading market will be air and water!
All essential commodities will be under the control of the speculators.Therefore atleast now, the masses have to be made aware of this dangerous situation.Otherwise this will be the beginning of the end.Specualtions on luxury commodities like gold or silver do not really affect the poor and the middle class.
In order to curb these unscrupulous practices,the UN should act now.This is a war against the poor and the middle class irrespective of nationality,color or caste.The UN must pass a law that places a ban on speculation on oil and other natural resources.UN should take an active part in controlling the price of natural resources.If no one is interested in protecting the poor from exploitation by selfish speculators,then the God Almighty will act on their behalf.Once He takes control,these selfish ones will be made to suffer for the injustice they have inflicted on the poor,who have no way of making their voices heard.
If they or their loved ones get a life -threatening disease like AIDS or cancer,what will they do with all this money they have made . Someone has to pay for the suffering happening , this IS WRONG .
Take it or leave it…..
Regards .
Salim Abraham.