Between the rise of Interest Rates in Europe, & Iran risk premium... Story.
Federal Reserve Chairman Ben Bernanke said he wanted to try to support the dollar to bring energy prices into check. "The two central banks are out of step with each other," he said...More.
-Why the oil boom will eventually bust.
Inflation vs. Deflation:
Contrarian says, "I imagine if we ran the numbers, over all, spread out over everyone, costs are down. This is why we don't have a technical recession. Banking turmoil rarely results in recession." read.
There's Oil Dot Com In Dem Dare Sub-Prime Mortgaged Hills. Read.
"This is out weighing the impact of supply and demand, they added". In other words, investors are flocking to commodities as a "safe haven" for their money. Not really. They are trying to get rich quick. Some will. The first ones out will. Kind of like in a pyramid scam... More.
In a world where Panic is Driving a Crisis...
Doesn't look like timing for strengthening the value of the euro, is now... If the euro gains, oil becomes cheaper, European investors buy more oil, raising the price of oil in U.S. dollars... U.S. continues to be the largest donor of World aid and humanitarian missions... Few in Community care to volunteer. read.
Statements are Poison to oil prices!
Deputy Prime Minister Shaul Mofaz told Yediot Ahronot, Israel's largest mass-circulation daily that "If Iran continues its program to develop nuclear weapons, we will attack it."
Saudi Arabia Building World's Largest Border Fence Story.
Borders are essential... But, where are the protests from the Pope, the UN, Mexico, humanitarian groups, etc; for Saudi Arabia's border fence? No visits by endangered species groups? Spotted owl? This is good. Teach us.
Wow! Look at this Russian Soyuz Rocket Crash!
Odd... U.S. gets hassled by foam repair, & these crashes go "unnoticed?"
A Russian Soyuz rocket carrying a Foton M-1 satellite has a total failure during launch and goes bang... Seen from the perspective of the European Space Agency members observing the launch. Not sure which crash... This one?