Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ChinuSFO who wrote (115421)	6/15/2012 11:10:05 AM
From: manalagi	Read Replies (2) \| Respond to of 149317

There is no question that Romney - who blames Obama for rising gas prices - is now silent on the issue of prices at the pump. Fri, Jun 15, 2012, 10:51AM EDT - US Markets close in 5 hrs and 9 mins Oil Could Drop to $50: Pros By CNBC \| CNBC – Thu, Jun 14, 2012 7:46 AM EDT [iframe style="WIDTH: 61px; HEIGHT: 22px" src="http://platform.twitter.com/widgets/follow_button.html?screen_name=cnbc&show_count=false&show_screen_name=false&width=61&height=22&lang=en" frameBorder=0 allowTransparency scrolling=no][/iframe] @cnbc on Twitter Could oil prices continue their downward path? A recent report from Credit Suisse predicts that oil could hit $50 per barrel in the case of a severe credit crunch. Looking at a worst-case scenario - namely, a repeat of the slowdown of 2008's Great Recession precipitated by a crisis of confidence involving Europe - the analysis argues that demand would fall along with trading activity and that any recovery would be "halting fragile and painfully slow." The report points to the fall in oil prices witnessed in 2008, when Brent prices plunged from a record high level in the space of a few months. The analysts explain that the $50, "end is near" scenario "is simply a fatalistic repeat of history on the premise that what was broken three to four years ago has not been fixed." "Indeed, global imbalances are worse and much of the available political and real capital has merely been squandered in the interim," they added. Given the still-plentiful supply and U.S. dollar strength in this scenario, Credit Suisse forecasts a price recovery around $80 by 2013.