Over the weekend, the US branded terrorist organization HAMAS was elected as the ruling majority for the Palestinian politics. Indignation was immediate after the announcement of a HAMAS electoral win and though the ascent of a HAMAS led government seems inevitable, the ramification of this current scenario seems to lead towards a more potent and a more dangerous middle east debacle.
There is a standing US policy that there should never be a negotiation (in any form) with a terrorist. With this stunning political upset in the Palestinian equation, like it or not - America will have to deal with the current looming political reality.
In addition to the current difficulty is the insistence of Iran to develop its own nuclear program and be a nuclear power by its own right. The possibility of an Iran Nuclear Power and a virtual terrorist state operating besides Israel is a scenario that is getting nearer than previously contemplated.
This current geo-politics is relevant to the republic because of oil. It is an open secret that the planet's oil supply is dwindling. Oil demand far outweighs oil supply. This fact alone is certain to raise the prices of oil. With the addition of the instability in the Middle East (e.g. Israel, HAMAS and Iran equation), oil prices are bound to increase further to unimaginable scale.
The Philippine Republic is an oil-consumer. Once the oil supply is threatened, world oil prices will certainly go up directly affecting the local price index, the local consumption and taken to an extreme, the local politics. It seems unimaginable but the reality of having local politicians replaced because of world oil prices is very possible.
Looking at a macro-economic perspective, the case of Middle East politics pervading in the local politics is nearer at hand than previously thought off. If we could only affect the current Middle East politics instead of the other way around. Or better yet, if we could only export our local politicians abroad, then we would be in a more bearable situation...
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