Article

2015-08-22 Economy

Oil plunges below $40: Longest losing streak in 29 years

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Posted by Fred 2015-08-22 00:51|| || Front Page|| [3 views ] Top

#1 Despite optimism, hoped-for new car sales has led the US-Global econ to not only NOT emerge from pervasive National+ Worldwide Recession toward de facto positive recovery-n-prosperity, but said recession may instead be relabeled as DE FACTO DEPRESSION.

Posted by JosephMendiola 2015-08-22 01:19|| 2015-08-22 01:19|| Front Page Top

#2 I've seen nothing from the WH recently on the economic recovery.

Posted by Besoeker 2015-08-22 03:07|| 2015-08-22 03:07|| Front Page Top

#3 The real war on terror!

Posted by g(r)omgoru 2015-08-22 03:20|| 2015-08-22 03:20|| Front Page Top

#4 Beso, there's a reason the Caitlyn is such a big story.

This regime is, with total MSM cooperation, busily hiding all of the bad, scandalous, traitorous news that's available. And boy that's a lot of $hit.

Posted by AlanC 2015-08-22 08:27|| 2015-08-22 08:27|| Front Page Top

#5 Meanwhile the Fed and Treasury keep printing (or hitting a keyboard at the Fed) money without any backing, so don't expect a whole lot of relief at the pump. It's not the greedy oil companies, it's the socialists who can't grasp a relation of value to currency aka inflation. While there are thieves in the boardrooms, the biggest ones are in the Beltway.

Posted by Procopius2k 2015-08-22 08:54|| 2015-08-22 08:54|| Front Page Top

#6 The biggest question is why gasoline prices are still at about the same level as they were when oil was at +$95 a barrel.

Me thinks Congress and/or the state assembly in Californicate passed some kind of gasoline tax increase that has not been announced.

The states and Federal Governments receive more revenue from the taxation of the sale of gasoline than the oil companies do from manufacture and sales...that's the reason gas prices are still high..

Posted by Bill Clinton 2015-08-22 19:29|| 2015-08-22 19:29|| Front Page Top

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