I’m interested in hearing what conclusions come from the various panel hearings in Congress, of the effect that speculators are having on the price of oil. Oil being a worldwide commodity, combined with rising demand in China, and the weak dollar, are factors of course. But the rise being so fast and so steep has me concluding that after the Dot Com bubble burst the money went into real estate, and after that collapsed it’s now in oil.
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We’re screwed! Start stockin’ up the bomb shelter, Maw.