Oh no not again.
The price of future oil delivery is up, up and away.
This is at the same time that there are ships loaded with oil that are waiting all over the word to unload it's cargo. dare I say conspiracy. No it can't be, because the market will straighten things out. Oh by the way pigs can fly.
The true price of oil should be about 35 to 45 dollars a barrel. Don't give me the bull about China and India. The only reason those counties are paying that ridiculous price is due to the large surplus they have excess dollars that they are trying to get rid of (maybe).
The US is in big trouble, in recent history when the price of oil is too high the unemployment rates shoots up. We already have an extremely high unemployment rate what next?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment