To: mysterio
I think that energy (oil) demand outside the US was firming up recently. We’re also dealing with a weakening dollar due to Obama running the printing presses around the clock.
17 posted on
06/19/2009 2:24:47 PM PDT by
Tallguy
("The sh- t's chess, it ain't checkers!" -- Alonzo (Denzel Washington) in "Training Day")
To: Tallguy
Did the demand double? Because the price of oil did.
Oil is being looked at as a safe investment, and a lot of money (including taxpayer money from bailed out financial institutions) is pouring into it. What's wrong with that? Nothing. But as long as energy remains artificially high, we're going to have trouble getting out of this recession.
If I had a business right now and was selling something, I sure as hell wouldn't want a large percentage of my customers spending all of their discretionary income on gasoline.
18 posted on
06/19/2009 4:07:11 PM PDT by
mysterio
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