META name="y_key" content="f2ab7f45e87c5e0d"> Interactive dialogue: Oil ,Oil,Oil.

Wednesday, March 3, 2010

Oil ,Oil,Oil.

Oil  is moving steadily.
Well, we have forgotten crude oil for quiet some time.
Now its presence is felt again.
Remnisence is the best equipment to tabulate the oscillation.

Oil ,which was ranging at $147 ,in 2008 , saw a drastic fall in 2009.
it tumbled as, the famous nursery rhyme goes, 
Jack fell down,
Jill came tumbling after.
Oil rolled  ruggedly in its down fall, dashing against rocks, getting bruised in the course, badly deformed in the end o its abject slope.
It stagnated at $47, for a leisure.
There was rejoicing world over,except in the Gulf where oil is excavated.




While the economy was focusing on other dimensions, oil slowly propped up.
But ,the satisfaction of keeping oil under the toes ,made the world ,pay least attention to this essential product.
Discreetly ,oil did its exercise.
It coped to the price factor of $50.
Then ,as the  nations were busy patrolling on the GDP , oil made a definite move.
It got the price tag of $60.
The jobless data was argued to the exact magnitude.
The collapse of banks was the subject of debate.
Health care was the main controversy.
Gold was making a significant head through.
Stocks were dancing to the dollar's performance.
Oil unfastened its tight belt, and rose up to $70.
The world was unaware of this momentum.


Ranging at $70 , for a comprehensive period, unattended by the developed and developing nations, oil bombarded  a severe shot,as it made a tidy $80.
The alarm  ,this time was louder than expected.
Today we hear a shrill cry from the affected,as again oil is up with a vengeance.
Soon it will reach the peak  in no time.
Beware of Oil!

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