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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: Jim McMannis who wrote (110228)2/26/2012 7:06:08 PM
From: RetiredNow  Read Replies (1) | Respond to of 149317
 
At least two things I know of could keep oil prices rising steadily. Increasing tensions in the Middle East with Iran and Syria and Israel. And if that doesn't do it, then Bernanke's unremitting currency devaluation. Since oil is traded mostly in dollars, that will keep the oil price increasing.



To: Jim McMannis who wrote (110228)10/13/2012 11:10:09 AM
From: RetiredNow  Respond to of 149317
 
True and crude will continue to inflate as our currency devalues.