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ThomWV Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-25-03 12:33 PM
Original message
Oil
In case no one was watching the Saudi's got their way and OPEC agreed to cut production by almost a million barrels per day. The stock market reacted yesterday and did what it did for good reason. The notion that this nation is in any sort of economic recovery is flim flam at best but it is a fiction that can not be continued in the face of increased energy cost. The Saudi's may have just put the straw on the Camel that will be the political death of Bush at home. Let's hope so anyway.

Thom
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patdem Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-25-03 12:38 PM
Response to Original message
1. Amen to that brother
in fact production of durable goods is down by .9 less than the growth of .6 predicted so added together it is down by 1.5...thats alot of growth down the tubes!!!
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kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-25-03 12:44 PM
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2. Operation Iraqi Liberation = OIL
That's why they changed it to Operation Iraqi Freedom?
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