Our country needs to get away from OPEC and set the price on our own oil. As it stands now, we are being held hostage by the Middle East. Enough is enough.
Who didn’t see this coming?
All you gotta do is look at stocks and see them coming up. Driving is down, there is a resistance level to price. Oil is not inelastic beyond a certain level.
My renters have moved 5 miles closer to town for a worse house to save money on gas.
or is Obama working the markets by releasing phony numbers again?
The eevil speculators take a hit.
I wonder if BOR will be sympathetic.
With 2 eastern refineries going offline, I don’t think the price of gas in my neck of the woods (NC) will be going down anytime soon, even with the crude oil glut.
Got to give it to the Fed. They can still jam commodities, float the paper and come up with the spin to explain all of it. What a load of criminal crap.
Can’t keep oil down for long with nonsense and anti-defense policies, although harvesting more of it would lower prices. Without more domestic oil production and manufacturing, oil will continue up, and the dollar down, in the long run.