Wednesday, July 23, 2008

Oil and Market Economics.

National Review asks a relevant question.

"Has anyone seen the headline, "oil prices drop $21 a barrel in two weeks"?

Since the issue of gas prices emerged, the expectation has been that it would be a dominant issue until November. Is it possible we'll see a price drop, almost as rapidly as we saw a price increase?"

Given the rate of the increase in Oil prices some had thouht it was a "bubble" it's possible that buble has/will burst. It's also possible that prices can go back up again. Much depends on the perceived future suply of oil.


Not only has Oil gone down in price, but the Dollar is stronger and the Stock Market is better.

It's interesting perhaps the economy can be helped, without having massive new social programs. Maybe we can transition to better energy systems without listening to modernday con-men.

More gold down, Dollar up

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