Quote:
Originally Posted by Kevin
Movement in the stock market can be counted as occurring in anticipation of an Obama presidency.
At least as much as movement in the stock market or commodities markets can ever be credited to a President, I think it's fair to credit him with whatever happens there.
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Oil went up because OPEC voted to decrease production and it is just now catching up. OPEC doesn't want oil to be that cheap because then they don't have as many billions of dollars, so they are deliberately limiting supply, thereby increasing demand and price.
If we didn't use oil anymore, we could just thumb our noses at them and say "Nah nah! We don't care how little oil you make!" Won't that be the day???
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