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Will Islamic Republic of Iran will cut the oil export due to US threat or will increase the production by 1 million barrel by 2015.

The officials of Kingdom of Saudi Arabia have threatened to halt oil exports to Taiwan over Taipei's reluctance to invest in Saudi Arabia's power and water desalination plant.

With the economy slowing, oil prices rising, and the value of the U.S. Dollar weakening, it is obvious that a 2008 recession is headed our way. Many are predicting that this could be the first U.S. recession since 2001.