Oil higher?
I believe oil started our economic problems. The sharp run up in oil and the price increases for shipping and all things that use oil, squeezed the consumer to the point where they could no longer walk the tight rope of finances they had been walking. Without the ability to make ends meet, consumers had to starting choosing which bills to pay. Once many starting doing that, the ball starting rolling down hill. I think we are in for the very same thing only with much higher unemployment should oil rise again to levels close to where it was.
With so many trading oil like they are at Vegas, I am not looking forward to a potential rise in oil.
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