Tuesday, January 25, 2011
cheap oil
The news says the Saudi oil ministers are going to increase production of oil to bring the price down. While I have a hard time believing them, if the price of oil can decline for awhile, it will be like throwing gasoline on a fire, the economy could flare up. Cheap energy could be just the ticket to break loose all the money behind the dam. At this point in time cheap oil could be inflationary.....It won't STAY cheap, but we'll worry about that later. Like everything else...
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