Great Question, 5th Listener!

June 8, 2011

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I posted this message on the MarketWatch.com site today
“Hey friends at Market Watch…what are you going to do with all those articles you wrote ahead of time…expecting OPEC to flood market with oil, bringing it down to $76 per barrel? Will you just shelve them in expectation of the next plan, EU to dump oil on markets? I am just a “watcher”, so tell me. What shall you do now?”
Why did I post this? They don’t read their own message boards. But, maybe someone will think about it. I think my reason was that I felt that Bernanke was meeting with his contacts to attack the price of oil. I could sense impending meetings in high places by politicians attempting to solve the oil demand/supply price problem, in hopes of refloating the markets. It is an elusive “hope” for a sustained recovery that plagues this current administration. They cannot change their policy without losing face before the public. They cannot take a path that will succeed, lest some opponent say “I told you so”. They ignored all the suggestions of the weak and the wise, and now they fear the recovery is taking too long in America and Europe, that it will slowly sink back into a dive, and the result will be worse than the start. They fear voters will shift and their fellow political shipmates will abandon ship, in favor of a safe haven. They cannot move, and yet a failure to move means they will create a self fulfilling prophecy of doom.
Tell ’em where you saw it. Http://www.victoriataft.com