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Post by marjar on Feb 23, 2011 15:17:21 GMT -5
I'm channeling Lahkota today.  As the turmoil in the Middle East spreads to Libya, a major oil producer, the shockwaves of Arab unrest are reverberating through the global oil supply chain – and threatening to spill over into the global economy. With portions of Libyan production shut down by armed clashes across the country between opponents of Moammar Gadhafi's four-decade regime and his supporters, global oil prices rose above $110 Wednesday, based on the widely used Brent crude benchmark. Story: Price of oil soars above $100 amid fears over Libyan crisis In the U.S., the surge in crude prices is expected to flow quickly to the cost of gasoline, further straining budgets stretched tight by sluggish wage gains. www.msnbc.msn.com/id/41739499/ns/business-personal_finance/?ns=business-world_business |
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rockon
Senior Member
Joined: Dec 22, 2010 8:49:55 GMT -5
Posts: 2,384
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Post by rockon on Feb 23, 2011 15:27:23 GMT -5
Almost nothing affects nearly every aspect of our economy quicker then the price of fuel.
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deziloooooo
Senior Associate
Joined: Dec 20, 2010 16:22:04 GMT -5
Posts: 10,723
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Post by deziloooooo on Feb 23, 2011 16:00:53 GMT -5
Almost nothing affects nearly every aspect of our economy quicker then the price of fuel. For the unspeakable , did you see the article I posted, a knowlegable fellow as far as the blurb on him...predicting $400 per barrell..no not tomorrow but..and others talking about $15.00 per gallon gasoline..it's on the thread were I'm calling for " Mom" for help here...far fetched? So many times, "far fetched" prove with in a reasonable time to be so right on.. |
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Post by Savoir Faire-Demogague in NJ on Feb 23, 2011 16:02:38 GMT -5
Hey Dez,
I did read and post on the other thread. What basis and rationale is this guy using to justify his $400 prediction.
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