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By uomo_senza_nome   Follow   Tue, 20 Mar 2012, 10:50am   3,439 views   15 comments
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1. Vicente Follow Befriend (8) 203 threads 4,403 comments Davis, CA

   1   11:48am Tue 20 Mar 2012   Share   Quote   Permalink   Like   Dislike   But,but but.... the oil people and all the middleman milking the cow, are getting plenty of money. So we probably DESERVE a good recession, in order to properly worship the gods of capitalism. And if we don't worship properly the volcano will explode and kill us all.

2. joshuatrio Follow Befriend 41 threads 703 comments Monterey, CA

   2   11:50am Tue 20 Mar 2012   Share   Quote   Permalink   Like   Dislike   Interesting graph. So another 6-12 months until US Industrial Production plummets off a cliff again?

3. freak80 Follow Befriend (4) 52 threads 4,416 comments Corning, NY Premium

   3   12:21pm Tue 20 Mar 2012   Share   Quote   Permalink   Like   Dislike   Protected   God Bless Amurrica. The land of automobile dependency.

4. errc Follow Befriend (7) 29 threads 1,203 comments 31 male Premium

   4   1:35pm Tue 20 Mar 2012   Share   Quote   Permalink   Like   Dislike   Protected   its different this time

5. xenogear3 Follow Befriend 10 threads 419 comments

   5   8:00pm Tue 20 Mar 2012   Share   Quote   Permalink   Like   Dislike   Shouldn't high oil price causes oil stock to go up? DOW 15000 soon? And creates more oil related jobs? Causes high inflation and high real estate price? If you rent, can you afford 10% rent increase every year?

6. freak80 Follow Befriend (4) 52 threads 4,416 comments Corning, NY Premium

   6   7:16am Wed 21 Mar 2012   Share   Quote   Permalink   Like   Dislike   Protected   xenogear3 says Shouldn't high oil price causes oil stock to go up? DOW 15000 soon? And creates more oil related jobs? Yes, high oil prices are great for the economy, because they create oil jobs. Hurricanes are also great for the economy, because they create construction jobs. ;-)

7. TPB Follow Befriend (1) 65 threads 1,209 comments

   7   7:55am Wed 21 Mar 2012   Share   Quote   Permalink   Like   Dislike   What is so hard to understand about high Oil creates havoc on the US economy? We're a consumer economy, that depends on energy from soup to nuts. Higher Oil = Higher Gas Higher Gas = higher cost for crop production Higher cost for crop production = higher groceries. = Higher production costs = higher transportation costs = fewer employees = fewer consumers = higher prices to off set the lost volume = recession = more unemployed = less consumption = more companies goes under = more Oil speculators(unemployed losers sitting at home playing monkey see monkey do) = higher prices.

8. david1 Follow Befriend (2) 8 threads 755 comments 33 male Fort Mill, SC

   8   10:28am Wed 21 Mar 2012   Share   Quote   Permalink   Like   Dislike   There are some anamolies to this correlation analysis, especially when you use terms like ALWAYS. Such as, 1981 recession with falling oil prices 2001-04 Economic recovery with huge run up in oil prices Though in general, I have little argument with your point. However, if I want to correlate something to oil prices, I would use US intervention in the Middle East. 1973 - US resupplies Israel in Yom Kippur War, oil price spikes 1977 - Iranian Revolution 1990 - Kuwait War 2002 - Iraq War 2012 - Threat of Iranian War That said, speculation in prices based on fear, (and not supply disruption) is what has always spiked oil prices. Remove the ability of monied interests to leverage and affect prices in this way, and oil would be cheaper. This can be accomplished by increasing margin requirements or eliminating margin in commodities trade altogether. Its crazy that a small number of like minded speculators can affect oil prices many times more than supply and demand does...

9. humbleEngr Follow Befriend 8 comments

   9   7:43pm Wed 21 Mar 2012   Share   Quote   Permalink   Like   Dislike   yep. this is the same philosophy itulip has termed as the "peak cheap oil" economic cycle.

10. uomo_senza_nome Follow Befriend (13) 787 threads 1,542 comments

    10   10:15am Thu 22 Mar 2012   Share   Quote   Permalink   Like (1)   Dislike   david1 says Its crazy that a small number of like minded speculators can affect oil prices many times more than supply and demand does... Nixon blamed the "speculators" when the dollar was going toast towards the end of Bretton Woods I. The bears explain the cause behind gas price increases. david1 says Remove the ability of monied interests to leverage and affect prices in this way, and oil would be cheaper. Where do the "monied interests" get their leverage from? Cheap money.. what is the source of this cheap money? Let's not generally blame the "speculators" and mask the root cause.

11. freak80 Follow Befriend (4) 52 threads 4,416 comments Corning, NY Premium

    11   10:43am Thu 22 Mar 2012   Share   Quote   Permalink   Like (1)   Dislike   Protected   uomo_senza_nome says Where do the "monied interests" get their leverage from? Cheap money.. what is the source of this cheap money? Let's not generally blame the "speculators" and mask the root cause. Well put sir. I'd love to be able to print money and go gambling in the markets with it.

12. ATK Follow Befriend 4 threads 29 comments ATK's website

    12   2:41pm Fri 23 Mar 2012   Share   Quote   Permalink   Like   Dislike   this is going to further hurt home prices with the cost of heating bill. In NY the taxes are already too high... This economy is strange, unemployment is high, you hear about foreclosures and underwater houses, people with no money, high gas but your local TGIF, Applebees and other food restaurants are packed with customers!

13. rootvg Follow Befriend (8) 1 threads 792 comments Danville, CA Premium

    13   9:18pm Fri 23 Mar 2012   Share   Quote   Permalink   Like (1)   Dislike   Protected   joshuatrio says Interesting graph. So another 6-12 months until US Industrial Production plummets off a cliff again? We've known for awhile that another recession is coming. It has to. It's gonna be 1980 all over again. Where's my Best of Hall and Oates CD?

14. uomo_senza_nome Follow Befriend (13) 787 threads 1,542 comments

    14   11:11pm Fri 23 Mar 2012   Share   Quote   Permalink   Like   Dislike   rootvg says It's gonna be 1980 all over again. LOL, the Bernank sure has plans to raise interest rates just like Volcker did. Except that if he does it, then he'll wreak havoc on the whole economy. And he has already committed to keep interest rates near zero until 2014. Sure this is exactly like 1980! /sarc off.

15. freak80 Follow Befriend (4) 52 threads 4,416 comments Corning, NY Premium

    15   2:42am Sat 24 Mar 2012   Share   Quote   Permalink   Like   Dislike   Protected   rootvg says Where's my Best of Hall and Oates CD? Love their music!