On 29/07/2011 7:08 PM, wrote:
Oh gosh... oil prices are out of control. Actually, they're not...

http://inflationdata.com/inflation/i...ices_chart.asp

Interesting dates:

Dec. 1979, one month after the beginning of the Iran hostage crisis.
Before that, prices were pretty reasonable under Carter, and they soon
head back down.

June, 2008, prices building for most of Bush's term.

Yep, tracks US Fed money print pretty closely when you overlay.

The more money Bernanke prints, the more money it will take to buy oil

Money is like stack, print twice as much then each buck is worth 1/2 of
what it used to be.

Fact is, Obama lives on One Bankrupt Way, Debtor City, Broke USA.
--
Obama, enslaving Americans with debt-tax slavery for a spending binge.
Doesn't even borrow real money, Bernanke just creates it like a
counterfeiter. .