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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: upanddown who wrote (101061)5/17/2008 6:36:30 PM
From: Elroy Jetson   of 206175
 
Nothing brings down oil prices faster than a serious economic recession. I think one is definitely in the cards.

In contrast revving-up the US economy to prematurely abort the Asian recession of 1996 and similar actions to limit the work of the post-bubble recession of 2003 have helped unbalance the supply and demand of oil prices. Economies of oil use which would have otherwise been engendered by these beneficial economic downturns was avoided.

This deferred work from prior aborted recessions will make the next down-turn more extensive and unavoidable.

Various political consensus are an example of public preening behaviour - a mating dance performed by politicians for potential voters.
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