Monday, October 5, 2009

Phil Flynn of PFG Best "Jobs Jab Oil Bulls"


Jobs losses are mounting and oil supplies are rising. It is time to face facts. Recent economic data is undermining the bull's oil case. Welcome to the jobless economic recovery that should reduce oil demand expectations even further as we look out into our future. Oil prices slid as our nation's unemployment reached a painful 9.8% and we lost 263,000 jobs. The oil bulls had better hope the dollar collapses if they are going to have any luck defending these lofty price levels. US supplies are staggering but even more so when you consider the weakened state of the jobs market. With the US being a consumer based economy, it does not bode well for a quick return to robust growth.....Read the entire article

1 comment:

vishnuprasath said...

Dear job seekers, most of the companies are hiring talented candidates in Delhi and also there are lots of jobs in Delhi, So apply for those jobs immediately.

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