Oil nibbling at $89 a barrel, while the World is experiencing a deep recession. China and India

JohnWxy

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Tue Dec-07-10 05:42 PM
Original message

Oil nibbling at $89 a barrel, while the World is experiencing a deep recession. China and India

Edited on Tue Dec-07-10 06:05 PM by JohnWxy

growth rates have slowed to about 9%. Does anybody think oil won't blast through $100 a barrel in the next couple of years, as growth rates come back around the world???

India Growth May Exceed Forecast, Ushering Rate Rise

http://www.quoteoil.com/

http://fuelgaugereport.aaa.com/?redirectto=http://fuelgaugereport.opisnet.com/index.asp">current national average gasoline price is $2.96 per gallon

Remember what happened when gas hit $4.000 a gallon?

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pscot

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Tue Dec-07-10 05:56 PM
Response to Original message

1. It's not surprising

and it's bad news for the US recovery. Probably make people use less oil though.

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txlibdem

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Tue Dec-07-10 11:14 PM
Response to Original message

2. I just heard oil hit $90 a barrel

Saw it on the news... looks like $140 a Barrel wasn't just a one-time thing after all.

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