Mmarrkk

Are Oily Characters Behind Crude's Price Move?

I'd like for the author to pursue Aceditor's point regarding US demand versus global demand. In the end, it doesn't matter what US demand is doing, it matters what overall worldwide demand is doing. A counterpoint is that US demand is a large portion of the worldwide demand, but our drop in demand was not that big. But if the US heads into a recession (or deeper into the current recession) it will probably impact other nations as well, dropping their economies and potentially causing their demand to drop as well, only delayed from US drop. Have I firmly sat on the fence on this issue??

The US dollar strengthening is a big driver of the the drop in oil, just as it was a big driver in the rise of oil. The dollar has strengthened but there are many who believe that this is window dressing and the real foundational problems in our banking system, our money printing, the FED's inability to lower rates to stave off the recession and the outright lieing done by our government regarding inflation all point to a financial disaster. Will the dollar maintain the strengthening it has recently enjoyed should Lehman and/or another major bank go under?