$100 Oil Could Sink The Fed’s QE2

IBD's Capital Hill ^ | 10/7/2010 | Jed Graham

[Slyscribe]

As the U.S. prepares to embark on a new round of Federal Reserve quantitative easing, there are plenty of reasons to doubt that it is the right course for the economy and job creation.

Here’s another: The voyage might have to be aborted — or at least diverted — soon after QE2 leaves the dock because the Fed may be sailing into a political hurricane.

[mountainlion]

I think this is a poor reference to the “Queen Elizabeth II”. Drill here drill now and save the economy, except that they do not want to save the economy.

[pallis]

Oil at $100 per barrel could wreck the world’s economy even more than it is now. Obamao’s anti carbon fuel policies are encouraging the oil elites to tyrannize the world with high oil prices.

[Frantzie]

As the dollar falls - oil prices will rise.

This all happened under Carter because financial markets had ZERO confidence in Carter. Hussein is even worse. He is a muslim Mugabe.

Keep watching TV sheeple. Yeah - Prince Al Waleed at Fox is our “friend.” ALL TV is our enemy.

[Sequoyah101]

As the dollar collapses the price of oil will skyrocket. Add to this the carbon taxes, the regulations and all the other crap that dumbo is doing and if you don’t think we are doomed you are living in a dream.

The drilling moratorium is just icing on the cake, a cake of turds provided courtesy of the demorats and pelousy, greed and obastard.

I doubt seriously that the late great USA will be able to recover from what has been done and is not being embellished and finished by obastard.

[mo]

The only “thing” attached to the US Dollar historically of any value was the US Constitution...which until the modern Welfare State, was insurance against political plundering of the dollar’s integrity. Hence it was welcomed world-wide.

The modern US Welfare State, with all its regulatory burden and rapacious taxation, has stolen all the value of the dollar.

[backwoods-engineer]

I think this is a poor reference to the “Queen Elizabeth II”.

Maybe there's a metaphor there, but "QE2" in this context refers to the 2nd round of "quantitative easing" (translate: buying our own crappy debt) by the Fed.

[Former Proud Canadian]

The president could knock down the price of oil today if he wanted to. He could announce a comprehensive policy to produce as much energy as cheaply as possible, as quickly as possible. He could declare that the present spike in oil prices was a threat to national security and take the following steps.

1) Allow drilling everywhere. Alaska, in the continental US, and off all shores. Give tax insentives to companies who want to drill.

2) Loosen restrictions on coal production and announce a crash program to build half a dozen modern coal to oil plants.

3) Build a dozen nuclear power plants under federal auspices and lease them out.

4) Announce that, since these policies will result in energy prices falling, the US government would help the process by selling off some of the strategic petroleum reserve. The reserve will be topped off later when oil is cheaper.

That would be a start.

[yesca]

But, the power is the other way ‘round = Oil , then everyone & everything else.

[OB1kNOb]

$100 Oil Could Sink The Fed’s QE2

To continue the metaphor, everyday I read the economic news I get this sinking feeling that all we are really doing is trying to jump from the Titanic onto the Lusitania to escape disaster.

[yesca]

There's yet one more sinking boat's deck to escape to, what's'it's name, the one we blew up in Cuba to start that 'for profit war"?

[jonno]

That would be a start.

Yep - its not really that hard. You just have to be willing tp p!ss off a few liberals...
(ok - all of them 8^)

[mountainlion]

That would be a start.

I agree, unfortunately our welfare is his last priority.