Gary Savage

60 Minutes on Oil: Did Anyone Verify Anything?

Geez The spike in oil was caused by Bernanke's money printing binge. How hard is that to understand? Coincidentally the price of gasoline shot up right after the government dumped a bunch of free money into the market in the form of tax rebates. Now the verlocity of money has cratered because the world is in an extended debt purging period. As long as that continues the dollar will rise and commodities will struggle.