Oil and The Economy

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ewilkerson's picture
ewilkerson
Status: Gold Member (Offline)
Joined: Jul 18 2010
Posts: 390
Oil and The Economy

Does anyone else find it interesting or weird that you don't hear anyone putting at least some of the blame of high oil prices on the slow recovery?  Granted, we could go into many reason in addition to oil prices.  There is plenty of blame to be heaped on Washington.  But oil prices, I believe, are more than twice as high as last time we had a recession.  These high oil prices are just like raising taxes in the middle of a recession.

Ernest

ewilkerson's picture
ewilkerson
Status: Gold Member (Offline)
Joined: Jul 18 2010
Posts: 390
Re: Oil and The Economy
ewilkerson wrote:

Does anyone else find it interesting or weird that you don't hear anyone putting at least some of the blame of  the slow recovery on high oil prices?  Granted, we could go into many reason in addition to oil prices.  There is plenty of blame to be heaped on Washington.  But oil prices, I believe, are more than twice as high as last time we had a recession.  These high oil prices are just like raising taxes in the middle of a recession.

Ernest

LogansRun's picture
LogansRun
Status: Diamond Member (Offline)
Joined: Mar 18 2009
Posts: 1444
Re: Oil and The Economy

No.

You're new here so I'll go easy and not scare you too much........

There will be NO recovery.  It's not possible under the current monetary system.

Have you watched the Crash Course?  If not, do so.  If yes, then you should know the answer to this question.

Welcome!Laughing

gonzy's picture
gonzy
Status: Member (Offline)
Joined: May 1 2009
Posts: 6
Re: Oil and The Economy

look at a chart of the dollar vs oil almost a mirror image.

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