Friday, September 24, 2010
Phil Flynn: How Fed Saved Oil And OPEC From A Total Price Collapse
The figure doesn’t even include ethanol stockpiles which add to the bearishness and the fact that demands in this shoulder season is even weaker than normal. With an economic outlook that is deteriorating and a glut of supply, oil prices should be getting annihilated yet despite this historically bearish outlook, oil losses in the weakest demand period of the year are only modest. The Feds impact on the price of oil is an undeniable fact and there are many reasons for that. First and foremost is the impact of that policy on the.....Read the entire article.
Let’s Get Some in South America....Watch "Let The Carnival Begin"