OK, all you tree huggers are safe, our congress again seems intent on not drilling, but they keep telling us that we’re running out of oil, that the US citizenry are grease gluttons, and we’re causing global warming, ( which by the way is now pc to say climate change, because this year may be one of the coolest on record, more snowfall, and the polar cap is gonna be just fine, etc, etc, etc) and the folks in New York have a new excuse to say the sky is falling.  The genius minds of Wall Street have no demand from the US to blame, those darned hurricanes keep missing, but yet, where is the price of gas?  From Bloomberg:

Continuing Chinese demand and the ability of Saudi Arabia to control output will be instrumental in keeping the price of oil resilient, despite the uncertainty caused by U.S. congressional wrangling over the financial rescue package, the Wall Street Journal reported, citing analysts.

Although some analysts had been predicting that the credit market turmoil and recession fears would precipitate a fall in prices because of a drop in demand, prices have hovered around the $100 mark; key to this is Chinese demand and Saudi control, the Journal reported.

Continuing Chinese demand and the ability of Saudi Arabia to control output will be instrumental in keeping the price of oil resilient, despite the uncertainty caused by U.S. congressional wrangling over the financial rescue package, the Wall Street Journal reported, citing analysts.

Although some analysts had been predicting that the credit market turmoil and recession fears would precipitate a fall in prices because of a drop in demand, prices have hovered around the $100 mark; key to this is Chinese demand and Saudi control, the Journal reported.

Well, those foreigners are going to twist their arms in New York to raise the price again.  HELLO, THIS IS AMERICA, THE PRICE YOU’RE SETTING IS AFFECTING AMERICANS!  You intellectual bunch of monkees need to check the price of a gallon in China…your price ain’t affecting them…but you’ve sure helped make a mess over here, or am I the only one who can figure this out?

Steve

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