[Dansong]

Add the inflation factor and Obama’s refusal to drill anew and $100 oil will soon be considered low...

[maine-iac7]

Of course it's going up. No surprise.

They do this every time they have an election they must win. Up goes oil and it's all ‘those big oil pubbies fault!’

and people fall for it every time.

[NavyCanDo]

Its our President and all of his rich Texas oil buddies. (sarc) No, wait a minute that was the excuse the left used with the last President. Hmmmmmm how can we pin this on Bush?

[Thebaddog]

Is China’s economy really humming? Who’s buying their products if we are in recession still?

[schu]

If we see >$100 oil for an extended period (over 6 months), then U6 unemployment is sure to exceed 20% and a 1930s type depression is a forgone conclusion. Life as we know it is about to change big time.

Since oil is priced in $$, we have no one to blame but our central bankers, Congress and the President for inflating these $$.

And our leaders sit there debating the helthcare bill with 35% approval and a $2T price tag. The country is on a suicide mission .... :-(

schu

[upsdriver]

Great news!!

[Shermy]

“thanks in part to a humming Chinese economy,”

Old School econ. Price swings are now determined by commodity indexes and hedge fund investing patterns. They are starting to park their money in commodities again.

[JPG]

We are sitting on zillions of barrels of oil and tons of natural gas and coal deposits that will last for centuries and the Kenyan Bozo is all orgasmic over windmills. Beware, Bambi, the wrath of the people is coming your way soon.

[VeniVidiVici]

The price of a gallon of gas is up almost 100% since Barack Hussein took power.

Let’s see the State Run Media report that.

[Buckeye McFrog]

I’m thinking more like $50 when the weather warms up and the Obama Double-Dip kicks in...

[blam]

The Recession Is Over, The Economic Depression Is Just Beginning