03-05-2008, 07:10 PM
Galt Wrote:It is supposed to be about our recession
OPEC's decision to cut production and the recent report on supply side issues is causing Oil to march onwards to $110 / barrel and you will be seeing $4.50 - $5.00/gallon this summer in the north east and west coast which ultimately will also trickle into the price of food and other goods tacked onto already high commodity prices. The falling dollar / rising oil price combo is dangerous scenario that you can't just "spend" your way out of.