RU kidding, stock market will soar! Now we have a reason to have an economy again! And what's the best type of spending to get yourself out of a deflationary collapse? Military!
Now that the Govt. has resuscitated these people from the brink of oblivion, they're back to their old games.
Fundamentally Oil should be much lower. Pricing in inflation in the USD peg, oil should still be lower.
The primary reason Oil is trending higher is pure speculation fueled by these banks sucking off the tax payers tits.
Right now Capitalism means stealing from the tax paying citizen and then Taxing him even higher with the hidden cost of higher energy prices.
The silver lining? Alternative energy becomes cost effective and the sheeple may soon smarten up and finally begin to move away from sucking on fossil fuels.
Quote from bat1:
WAR BREAKS OUT NORTH KOREA STARTS FIRING AT US SHIPS >> OIL over 100.00
GOLD & SILVER will skyrocket
IF ISRAEL PRE-EMPTIVE STRIKE IRAN .. YOU SEE OIL OVER $300.00