Does anyone have figures on how much US GDP can hurt or be influenced for every $1 rise is crude prices.
When you rub that all-natural black goo known as like sweett crude over your cock, especially at these prices, it's better than pussy, One will make you rich, the other will take your money. Long Oil = $$$
I'm very interested to see where this is going to end, and how. I don't trade futures (yet), and I haven't been trading long enough to be familiar with commodity cycles (i.e. practical experience rather than just reading about history), but this is just getting nutty in my opinion. Joe Blow + world is ranting endlessly about how justified these prices are, I wonder what they'll say if oil corrects $10-$20 downwards fairly suddenly?
those days are over. consumption is way up and we have reached peak production + political tensions will only get higher such a correction is a buying opportunity imo
Inflation is caused by an increase in the money supply, not by changes in oil prices or any other non-monetary commodity. Rising prices are a symptom of inflation, not a cause of it.