The case for war

Article Abstract:

The U.S. is hoping that a regime change in Iraq will stabilize its foreign oil supplies, despite claims by the Bush administration that the war's purpose will be to fight terrorism. Oil prices are expected to fall once the crisis is over, and rebuilding plans include the opening of Iraq's oil fields.

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Wall Street on the back foot

Article Abstract:

Some economists believe that the U.S. stockmarket is slowly improving, although the bear market is not yet over. A short war in Iraq could build economic momentum, but prolonged hostilities would hurt stock investors.

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Petrol bomb

Article Abstract:

The price of oil in Australia is continuing to rise and the government is looking at both political and economic problems because of this.

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