Petrol at £10 a liter?

by | Apr 15, 2010 | Well I never.

It soon will be if the Middle East kicks off. Over at Zero Hedge, a very well sourced read on the rising tensions between Syria, Israel and Hizbollah :

The middle east powder keg is on the verge of exploding. After repeated warnings of possible escalation between Iran and Israel, we get the first official confirmation that the conflict may not be tidy and contained. The Telegraph is reporting that King Abdullah of Jordan has just warned the US that a war between Israel and Hizbollah is imminent and that is could spread across the Middle East. Just like the Great Depression ended in a Great War, so this ongoing Great Depression v2.0 (because -10% GDP when one takes away the government stimulus is precisely that) is likely about to result in another one.

Well worth reading in full.

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