To: a fool in paradise
Nope, you are correct.
The price panic of 2008 was artificial. Many of us were looking at stocks and consumption and saying all along, “This is contrived somehow.”
I think all of the mess of 2008 may have been contrived. The Depression we are in now may be as well. If it is not oblabla and his ilk have let the genie out of the bottle and can’t figure out how to stuff it back in. Actually, I don’t think they want to.
40 posted on
06/20/2012 10:46:06 AM PDT by
Sequoyah101
(You've been screwed by your government.)
To: Sequoyah101
Look at 1999, too, when the EIA announced that there was going to be a worldwide glut of oil (Without taking into account Asian demand). The price crash put the oil patch out of work for a year.
It's an election year, and everyone in an elected office is going to push for lower prices any way they can.
56 posted on
06/20/2012 9:28:49 PM PDT by
Smokin' Joe
(How often God must weep at humans' folly. Stand fast. God knows what He is doing)
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