Oil on the rise on expectations of weaker demand!

With the oil prices on the rise again, the OPEC has taken the new move in an effort to shore up its losses against a perceived loss. If that sounds a mouthful, the OPEC is playing with the Crystal ball and it seems that the ball is telling them that all is not golden on the Oil front.

OPEC seems to have seen the future and has started moving towards a possible cut in the output. Naturally, this has set the Oil prices on the move once again and this time they are planning to stay up for a long while. As a private consortium, the OPEC is free to do what it wants but it should also take note that any such moves aimed only at shoring up its profits is going to increase the strident voices that are opposed to the amount of power that OPEC wields.

These voices have been getting strident of late and with reason, with the Oil prices pretty much dictating the prices of other essential items from food to clothing, more and more countries are becoming uneasy with the fact that OPEC still acts as a private body, one that controls a huge amount of power. There is talk of bringing the OPEC under the direct authority of the United Nations, one that may well see the Oil prices being regulated and the production units becoming more productive!

Lead poisoning feeding the U.S consumers fear!

We all have heard by now as to what the lead poisoning can lead to, thanks to the publiocity blitz lead by the commerce dept of the United states. The facts are that Lead was found to be in impermissible levels in the products that were mqanufactured in China which gave a whole new meaning to the phrase 'Made in China'. But inspite of the recall of the millions of consumer products, a recent study has found that the consumers in the United states are still attracted to the 'Made in China' goods mainly due to their quite low prices.
But at the same time, the consumers now have a new thing to worry about everytime they purchase a 'Made in China' article. Whether it is okay for humans to handle them or not. The whole controversy is getting blown out opf proportion and India which by way to trade agreement with China is now being told unofficially by the United states to reevaluate the whole agreement as a result of harmful chemicals being used in the manufacture of these products. The United states would like nothing better than to contain China and if economic pressures are used to acheive that, well so much the better.
As for India, the issue of the recall of the Chinese goods and articles is slowly gathering momentum here and it is only a matter of time before the government has to take action on this one. Whether India does follow the U.S lead on this[no pun intended] or not, the damage to the 'Made in China' label has already been done and no amount of damge control by the red dragon can stop the flow of more bad news!

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