Thursday, May 03, 2007

Articles reviews

I read the article about higher prices on milk. Experts are predicting that because there is an increase in livestock feed pricing, and a demand for it overseas, milk will go up in price in the future. Eventhought this hurts consumers, it will help the dairy farmers which have been struggling financially due mainly to a huge drought. The price increase amount will vary on your location, but we should expect to be hit harder for anything that contains dairy products.

I read the article on oil gains and nigerian violence. Nigeria is the worlds 8th largest oil supplier, and the increase of violence within the country has resulted in yet another gas inflation. On Thursday, 17 of foreign workers on Nigerians oil wells were kidnapped. All this violence and corruption is hindering the oil producing and distributing process, and therefore causes a need for inflation.

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