Thursday, May 26, 2016

BREAKING Oil Climbs Above $50 a Barrel (First Time This Year)

The price of oil rose above $50 a barrel this morning.

It was the first move above $50 since November.

Have I mentioned that the idea that the Federal Reserve will reverse the December Fed interest rate hike and go negative is absurd under the conditions like this?



  1. I have no idea what the FED is going to do or not do. As far as I'm concerned, they are in the middle of a Kobayashi Maru no-win scenario. Long-term, I would love to see rates normalize so savers and pension funds can actually earn a return. I don't think that can happen without a lot of pain first.

    I'm curious which economists have advocated negative interest rates and why. You cite this quite often and I don't know who to whom you are referring.

  2. I'm starting to see gas prices edge over my magic 2.50 a gallon mark. $2.59 in Chicago suburbs.

  3. I have mixed feelings about oil. On the one hand, cheap oil makes life a little easier for some folks, and it hurts others.
    As far as my business goes, heck, let's get oil up to $100 again! Drill drill drill. When Alaska's oil companies fire up work, it's gives tens of thousands of folks here jobs. High paying jobs.$30-50 an hour and on up.
    Of course all of this is politically controlled. Just like our economy.