LightnRod

Another Oversold Watch: Is This One Different?

I agree for the most part. Expecting a dead cat bounce then a good down leg.

I think given the market conditions, the risks is high for depression. There has been too much credit, and now it looks like pay back time. If this is the case oil can go much lower. Already, oil is coming off its peak due to consumption / demand being reduced. Long term, oil will move up as supply is reduced. But right now, demand is falling.

Brother, Who Can Spare Another Dime for Oil?

High costs is due to the US people and govt has decided to purchase oil/gas from foreign countries rather than develop their own reserves and energy sources. Higher costs is the result.

Now the US people /govt have decided to convert land from food production to fuel production. So food costs are now increasing.

Is this not what the US people want?

To conserve? It does mean higher costs. See rest the world..

The US has it easy.

from the UK...