Before Bernanke can print the money, the speculators are removing the benefits to the USA economy. Why bother? Why should the Fed seek to infuse incentive to the USA economy if it disappears before it ever starts? The price of oil was actually coming down before this.
LONDON — Crude prices rose (click title to entry - thank you) to nearly $98 per barrel Thursday, with oil markets being driven by hopes that the Federal Reserve is leaning toward action to help the U.S. economy’s stalled recovery.
Benchmark crude for October delivery rose 66 cents in midday trading in London to $97.92 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 42 cents to finish at $97.26 per barrel in New York on Wednesday....
So, when T. Boone Pickens gives a big Texas small stating he is on YOUR side, know how deeply he is lying.
The USA needs to move away from the petroleum industry. The fossil fuel industry is damaging every aspect of the USA and global economy. It is causing the increased costs in food and transportation. Get rid of this mess and seek alternatives.
Currently, the nuclear plant in California is offline and is asking citizens to conserve to prevent the lights from going out. So far it is working, but, California has to consider offshore wind farms and forget about nuclear power.
So, when T. Boone Pickens gives a big Texas small stating he is on YOUR side, know how deeply he is lying.
The USA needs to move away from the petroleum industry. The fossil fuel industry is damaging every aspect of the USA and global economy. It is causing the increased costs in food and transportation. Get rid of this mess and seek alternatives.
Currently, the nuclear plant in California is offline and is asking citizens to conserve to prevent the lights from going out. So far it is working, but, California has to consider offshore wind farms and forget about nuclear power.
