Yet reaching another high.Oil price that is.Congress in Us will investigate whether the oil bosses,seven sisters were responsible for the high oil price or the speculator. Oil commodities do not have to pick up the futures,in future,put down only a proportion of cash. So $145 oil can be sold to another party for profits.Opecs said not mine faults.Refininal says only process ,margins a little.
Poor consumer,$4.00 gas or oil in Us beginning as common as stop sign in.In elsewhere ,its a stop sign. Time to go to subs. or bus or walk, or bike down.The Chinese have been doing it for upteen years, biking all over.Now with trillion in foreign reserves,time to upgrade that to wheels as, they said in US.Times are a changing as BobDylan sings.
Monday, June 30, 2008
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