G7 warning over rising oil prices

Finance ministers from the Group of Seven (G7) leading industrial countries have warned of the dangers to the world's economy from higher oil prices.
The G7 was responding to news that the price of oil had closed above $75 a barrel in New York for the first time.

US-Iran tensions and rising demand are being blamed for the increase.

In a statement after their Washington meeting, the G7 said that although the world economy was in good shape, oil prices could throw things off course.

The Japanese Finance Minister Sadakazu Tanigaki said that while there had not been a risk of inflation so far, the current high oil price meant they would have to monitor the situation closely
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WWIII will be fought over oil... the world needs to think of alternatives...

own cars for a change???

Talk about chiming in late, with a "Yeah, me too!"

shoot'em up mentality running the WH and our foreign affairs, Americans will continue to face ever increasing hardships and an uncertain future. The high and ever higher oil prices have been engineered by the WH oilmen and their buddies in the energy industries. Enron mentality is alive and well and displaced to 1600 Pennsylvania Avenue.