How high gas prices will go before their retirement? At the time of writing, the price of a barrel of oil has been a leap of > $40 in $2009-111 in 2011, but where will be the final resting place be? Us to drop the increase in oil and provide a projection of 2011 below.
Prior to the United States economy has taken a tumble in 2007 and 2008 oil prices screamed at a price tag record $147. At this price, $4 per gallon has become the new normal and $4.50 appeared in several local markets.
This time, however, $150 per barrel figure is a bare minimum. At least that the Federal Reserve reduced its short easing program before February 2012 - the date more bet the Fed will hike rates -$150 per barrel began to resemble a data for the following reasons:
The economy is very liquid - silver is everywhere, and therefore credit. Jobs are yet to show the excellent resistance to bounce, but those who have a job and have access to the currency and credit money and can borrow far lesser charges that they never could. In addition, this year marked a new extreme year with tax benefits for the majority of Americans. Oh yes, lots of money!
Summer is still months away -oil usually peaks after summer driving season during the summer U.S.. This season is still many months and a fuel switch, too. Thus, peak of driving, with a switch to summer gas mix (higher cost) and an economic recovery for each worker an employee to the United States, the fundamentals are always behind oil.
Terminate the Libya - the permanent fight in Libya worsens. Over the past two weeks, NATO fighters attacked the wrong people, killing and injuring several people and incitement to hatred against NATO begins to compete with hatred for the Libyan President Muammar al-Gaddafi. Of course, the Libya does not produce that much oil, but with the Libyan rebels denouncing NATO support, who knows what will happen there then.
I can say with certainty that $4.00 will be placed on the bottom of range, this summer, with traders of steel sheet piles in commodities in 2007 as they did in 2011. Recovery is here temporarily, but I am increasingly concerned that rising oil prices will suck every dime out of recovery until we fall once more into recession. Discover the post regarding the effects of the price of gas on the economy.
Products of the economy, futures and commodities, CLC, will be high oil prices rise, oil barrels, oil bubble
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