Oil bounced off a triple bottom this morining, and a lot of observers feel that the direction from here will be critical for the world economy. The price hit about $43.50 before moving up, and at present hovers just short of 44 dollars.

Personally, I think lower oil prices are more a concern for regions outside of North America, as our supplies of oil and natural gas, both in the ground and in the piple lines, keeps increasing, while our costs of production keep falling - no thanks to the desires of our White House.

Cheaper energy means lower shipping, travel costs, and manufacturing costs, all of which contribute to increased economic activity. We just need banks to let free all that cash they are sitting on as they await higher interest rates.

...all in my humble opinion.

VP