With oil prices reaching new highs due to the Arab uprisings, its thought this could be just the start of a bumpy ride. Surging fuel costs in the US are threatening to derail the country's recovery. And, as RT's Lauren Lyster reports, the political price may be too high for the Obama administration.
Monday, February 28, 2011
UK mortgages have never been more affordable (28Feb11)
Barclays Bank releases research that suggests you've never had it so good with the affordability of mortgages... and they would be right. The government and banks have colluded to steal money from savers to prop up feckless borrowers with record low interest rates, while the rape of savers continues for year upon year.Recorded from BBC News Channel, 28 February 2011.
T Boone Pickens, Oil Price could go to $150
T. Boone Pickens on Bloomberg Television : T. Boone Pickens appeared on Bloomberg Television's "Surveillance Midday" with Tom Keene this afternoon to discuss the effect on Oil prices of the unrest in the Middle East and North Africa on oil and reiterate his call for the U.S. to come up with a comprehensive energy plan. He said that American consumers are "paying for both sides of the war" in Afghanistan because "some of the money you pay for OPEC oil is going to the Taliban."
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