Major short squeeze and the dollar is taking it in the rear.
It’s not the drilling.It’s the value of the dollar.When you throw out dollars like our Treasury is doing,they lose their value.High supply=low demand.They seem to have forgotten that one.
Yep. The US dollar is tanking. So our costs go up.
Another wonderful job by the Dem controlled CONgress!! /s
Coincidence or cause of the bail outs?
Gee, maybe we ought to um, uh, DRILL our own oil.
Drill here drill now can not offset the devaluation of the dollar caused by these massive bailouts of financial institutions.
The dollar is falling, not the price of oil going up. Dollar equals less because we are printing massive amounts of money. The value of oil in relation to the lower valued dollar raises the price of oil.
The public is paying the cost of the bailouts through higher gasoline and other prices.
FReepers, do I have that correct. Please weigh in.
All commodities/tangibles have just done the same thing.
The bailout is being paid for by inflation. Maye 25% in the past few days.
this has more to do with the value of the dollar falling off the table than anything else.
WSJ is not reporting: Crude up $25 as money runs to safe havens and the dollar drops.
Hurry up, Congress! Rubber-stamp, er, vote for the bill!
WSJ is now reporting: Crude up $25 as money runs to safe havens and the dollar drops.
Hurry up, Congress! Rubber-stamp, er, vote for the bill!
Before the bailout legislation is even passed, the American consumer and taxpayer begins paying the bill in the form of higher crude oil and petroleum product prices. And the bill will be presented in many other forms.
Vote every last one of them out. This is unbelievable.
Saddle up boys. Its time to get a million man posse and ride to D.C. with plenty of ammo, tar, feathers and rope.