Roger Wiegand: Oil Prices Create Industry Havoc [View article]
If oil prices stay in the 30s or lower for another six months and a geopolitical event or a series of such event occurred we could see oil spike considerably higher than the previous high, taking commodity prices for the ride. With the Fed rate effectively at zero, there would be no way to fight inflation which would feed rising prices.
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If oil prices stay in the 30s or lower for another six months and a geopolitical event or a series of such event occurred we could see oil spike considerably higher than the previous high, taking commodity prices for the ride. With the Fed rate effectively at zero, there would be no way to fight inflation which would feed rising prices.
Dec 25 19:14 pm
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