Re: Weren't we worried about oil not too long ago?
in response to
by
posted on
Oct 10, 2008 08:16AM
Oil was moving up under an absolute worse case scenario.
We were already sour before it advanced a move to the highs.
To me and the way things came together, it almost looked orchestrated. Oil advanced and forced hardship on a tittering economy.
China did not turn up usage as fast as we are being lead to believe. I considered that a crock from the get go.
IMO...buttons were pushed by the oil producers.
IMO..we were out played. The monumentious credit default issues were a bonus never considered by the perpetrators.
55 trillion is under insured....and forced to the surface.
doni