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Re: Oil futures selling off . . .updated

By: clo in ROUND | Recommend this post (0)
Fri, 24 Jun 11 2:00 PM | 64 view(s)
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Msg. 33614 of 45510
(This msg. is a reply to 33613 by lkorrow)

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Linda,

It's a "Hail Mary", sort of a weak QE3, in hopes of easing prices to help the economy.

Also political, so Obama gets re-elected.

Lower energy prices is the best "tax cut", everyone gets the benefit. clo




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The above is a reply to the following message:
Re: Oil futures selling off . . .updated
By: lkorrow
in ROUND
Fri, 24 Jun 11 8:01 AM
Msg. 33613 of 45510

Now this is very interesting. I just saw the SPR release will be used almost exclusively in the US. Really wonder why they feel a need to do this now. Happy to get lower gas prices, though.


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