If the ECB is going to target an interest rate for Spanish Bond Yields on the 10=Year why not set actual targets for Oil as well.
Post Tagged with: "higher gas prices"
Forget Libor-gate, Oil Market Manipulation Is Far Worse
Consumers are paying an easy $35 dollars per barrel over what they would otherwise dole out for a barrel of oil, if fund managers didn`t use the benchmark futures contracts as their own personal ATMs.
Rising prices to drag down economy
Funny how food and fuel are excluded from the inflation numbers. Consumers are getting hammered by the twin screws of inflation in food and fuel while deflation is driving down home prices and wages. Welcome to Jimmy Carter redux – stagflation. Can we afford four more years of economic suicide?
Global economic slowdown lowering gas prices
As demand slips from a world wide slowdown, prices drop. Is it still speculator’s fault? Has billions lost in bankrupted “green” energy companies helped? Can we afford four more years of economic suicide?
So you think we’re better off?
Send the chart below to your liberal friends as an assist to help them convince you what a good job Obama is doing. Ask them to pick out the line that justifies their continued support for the Buffoon-In-Chief.
Global recession means drop in oil prices
Oil is a global commodity and lower demand means lower prices. As Europe crashes, China slows down and America stalls, oil prices will continue downward followed by lower gas prices. Watch for Obama to take credit for lower prices but not the economic slowdown that is really causing the price drop.
Obama and the Dems want higher gas prices – Sen. Inhofe
Democrats in Washington have no plan to bring down rising gas prices. But make no mistake, they do have a plan—to make them go higher.