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secondcurve · 11-09-2007, 04:22 PM

LIforrelaxin:

You are dead wrong. I listened to a Democratic Congressman make the same arguments on CNBC today. You are both incorrect. The spike in oil has absolutely nothing to do with Wall Street. The reason for the incredible rise of oil prices is due to a couple of countries called China and India and their Billions of citizens which are now demanding the same lifestyle that you and I have enjoyed for years, a big part of which is powered by oil. I think in the not too distant future we will all look fondly on the days of $95.00 oil.

11-09-2007, 04:22 PM	#10
secondcurve Senior Member Join Date: Jan 2005 Posts: 2,118 Thanks: 1,330 Thanked 559 Times in 288 Posts	LIforrelaxin: You are dead wrong. I listened to a Democratic Congressman make the same arguments on CNBC today. You are both incorrect. The spike in oil has absolutely nothing to do with Wall Street. The reason for the incredible rise of oil prices is due to a couple of countries called China and India and their Billions of citizens which are now demanding the same lifestyle that you and I have enjoyed for years, a big part of which is powered by oil. I think in the not too distant future we will all look fondly on the days of $95.00 oil.