The Nazis finally met their match in the outskirts of Moscow in early December 1941.
The rush to get to $100/barrel oil has hit a snag this December but it is not yet time to do more on that analogy. There are a number of activities that are leading against the rising to that price point. The inflationary quantitative easing is definitely in analysts' minds. U.S. gasoline demand fell 3%last week and gasoline futures dropped 0.8% at settlement with the release of that news. It is hard to talk about an improving economy in the light of demand decreases. Unlike the German advance led by Guderian, oil price increases are moving steady and there is no blitzkrieg to higher prices yet. With all the doom and gloom, retail sales are up and that is hard to configure with gasoline demand being down.
Today, crude -19¢, $88,41; gasoline -1.96¢, $2.2989; distillate +0.28¢, $2,4685.
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