Deflation, all part of the Bernanke plan to get us out of this.
Looks like spot oil is flirting with below $80:
http://www.bloomberg.com/markets/commodities/energyprices.html
The last thing Bernanke wants is deflation. That’s why he’s inflating the money supply and bailing out Wall Street like a madman. He’s trying to prop up prices....thoguh he will fail. A short, but sharp period of deflation would actually be a good thing if it was allowed to happen.