Oil quoted in USD and GBP is rising I agree, oil quoted in euro is rising but not at the same pace and it was lower in 2007 than in 2006.
http://www.imf.org/external/pubs/ft/.../RES115A-1.gif
If their biggest customer, the US, buys less oil, the Sheiks will have to lower the barrel price.
I know what you feel people, everytime there's a recession all the media tells everyone that it's the end of the world, the banks start to panic and to merge or go bankrupt, etc...
IT'S ALWAYS THE SAME THING. EVERY SINGLE TIME THEY SAID: "THIS IS IT". Shareholders trading meanless pieces of companies to make profits on the buy/sell difference are loosing money...so what?
On 9/12 everyone believed that all airlines would go bankrupt, guess what, it didn't happen.
No matter how the economy is, try to go modular people. Why pay twice the price for the same training? Even in the healthiest economy that is crazy!!