Ryan
Member
- Joined
- Jun 29, 2009
- Messages
- 2,415
TimP said:The reason oil went up was cause china was consuming a ton, to be ready for the Olympics with construction. They are still consuming more than they did so the price hasn't gone way down, and it wont go down because of the demand that china has for oil now that they have shifted their economy. Also the dollar has weakened because of various reasons mentioned above. Interest rates being low is another reason why the dollar has weakened. There are many many factors for every fault so we can't point the finger at one thing. But the major problems are. The housing market, it was over inflated by low interest rates because people were payment shopping, and house flippers. Gas as mentioned above. China and trade deficit. The media. Lack of experience with our new global economy to predict global/macro economics, cause if you ask me their understanding of economics is still a crap shoot, at least when it comes to predicting where it's going (it's like predicting weather, you can predict some things but you're never always right).
So basically if we nuke china gas prices will go down....
