On Monday, I said...

I had no idea that he would affect the oil markets.  I know gas pricing is affected by what is going on with Israel and Gaza and we all know that if Canada launched missles at the US.  We would tear thema new one.  Why can’t Israel do it.

But, I digress,  as Big Ben spoke, he noted that the simulus package would be a huge help in getting the US out of recession just a bit quicker than originally thought.  The oil speculators took that as a sign to bang away oil futures.  And, OPEC who is no friend to the United States is cutting production or looking to cut it again.

When are we going to wise up and start some off shore drilling.  Now, is the time for us to be doing some thing like that.  Again, I digress.

NW Indiana gas prices hover around the $2/gallon, but oil per barrel sits around the mid-40’s range and drop lower from time to time, much like the mortgage backed securities market.
I guess a lot of people listen to Big Ben and they hang on his every word,  much like those like those old EF Hutton commercials from the 80’s.

 

Hey, it is just my opinion.  I could be wrong, but I doubt it

 

 
Post is included in group: Blatant Politics
Post is included in group: Indiana Real Estate Professionals
Post is included in group: Northwest Indiana - Chicago Southshore
Post is included in group: Porter County Indiana

4 Comments on Hey, Ben Shut Up

JAN
14
2009

I think we need to start processing our own oil as well.  The US has become to dependent on other countries for what is a major product in keeping our economy moving.
12:45pm • #1

I think we all need to stop listening to Big Ben.  No solutions have been forthcoming, no resolution to the multiple financial crises.  Maybe we should listen to our inner selves and make our own decisions and preparations.
8:35pm • #2
148,235 Points 5 Featured Posts Outside Blog

I think there has been too much listening and not enough doing.
11:32pm • #3
JAN
15
2009
125,787 Points

Nice Post!

I will say that gas prices drive me crazy. I just don't understand how this business works. Over the summer gas is over $4 a gallon and crude is $140. Crude is dropping everyday (closed at $36 a barrel yesterday) and prices rose in central Indiana. Now I understand that if it would stay at 1.35 like it was two weeks ago taxes would get raised. I just don't understand the big price swings.

Tony
6:00am • #4


What does the graphic say?
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