OIL PRICES, the echonomic view

[Frankn]

http://www.treasurenet.com/forums/everything-else/444250-frank-s-comment-inflation.html

 

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[Frankn]

OK, this will answer all your questions, but it is a bit to much to put here.
It shows both the ups and downs of low oil prices.
You will have to get or read at the library- TIME Magazine, February, 2, 2015 edition.

In summary, low oil prices benefit the 70% of the economy driven by consumer spending
and have a negative effect on industrial spending, the other 30% of the economy.

Frank
Still waiting for that magic $36/bbl to show up.

 

[Frankn]

Well, I have been watching it jump around the $45 mark. The big boys are jumping back in and playing.
Frank
The question is,"Who's court is the ball in?"

 

[bill from lachine]

folks,

There's been a bit of a rebound in the prices....north of $50 today....I'm wondering if this is just a sucker rally or the real thing.

Regards + HH

Bill