[Schmuto]

That's right folks, 65 dollar oil is now being called out for "hobbling" the "recovery."

The best quote?

The quote that really says, "it's all over except for the crying"?

$this->bbcode_second_pass_quote('', 'T')he instability of oil and gas prices is puzzling government officials and policy analysts, who fear it could jeopardize a global recovery.

[WhatMeWorry]

I like this quote from the article.

"...as they try in vain to guess where prices will be a year from now — or even next month."

[copious.abundance]

This thread reminds me of this one here in which, after the Schmuto Index had already started to take effect, Schmuto comes along and boasts that the MSM is saying oil will never go below $100 ever again.



So, I guess if the MSM was right about oil never going below $100 ever again, they're also going to be right about volatile oil prices crippling the world economy.

[jasonraymondson]

Please, it wasn't 18 months ago that everyone on here was predicting 250 gas or more by this date. Of course nobody knows, it is like a big game of Russian roulette. But instead of 1 bullet in the revolver there are 7 and everyone is praying to get the empty chamber.

[Plantagenet]

$this->bbcode_second_pass_quote('OilFinder2', ' ')....volatile oil prices crippling the world economy.

[Sixstrings]

I'm getting a little tired of the TPTB going on about how "puzzled" they are. Biden said in an interview today something along the lines of "we underestimated the depth of the crisis we inherited." Uh, ok.

[jasonraymondson]

$this->bbcode_second_pass_quote('Sixstrings', 'I')'m getting a little tired of the TPTB going on about how "puzzled" they are. Biden said in an interview today something along the lines of "we underestimated the depth of the crisis we inherited." Uh, ok.

[TheDude]

$this->bbcode_second_pass_quote('jasonraymondson', 'P')lease, it wasn't 18 months ago that everyone on here was predicting 250 gas or more by this date. Of course nobody knows, it is like a big game of Russian roulette. But instead of 1 bullet in the revolver there are 7 and everyone is praying to get the empty chamber.