Stay updated with breaking news from Bond aids. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
We did not have enough of an alternate to substitute for oil so when we have issues where demand is greater than the supply you can have short term bond aids of releasing supply, but, then what? stuart: we have all this bad news on the economy, are we on the verge of a double dip recession? guest: you know . we are always on the november of a double dip but when we are, more stimulus comes in so we have come to the point where bad news is good news. if the economy slows down too much, the fed steps in and stimulates. if the committee resubjects you have true demand in the market and that continues the demand for crude. either way, we are in a pickle. commodity prices will continue to prize because there will be some kind of stimulus either organic for growth or government stimulus for growth. stuart: but we are bumbling ....
Only subsidize the higher gas prices so long and they are passed on to the business owner and the consumer. stuart: this wasn t supposed to happen. we released oil from the strategic petroleum reserve and we are supposed to drive oil prices down and get prices down and it did not happen. i believe the national argue is now close to $3.70 for regular. this was not supposed to happen? guest: well, it wasn t at all. and a lot of people thought it would back foyer because it was just a band-aid. it is a temporary solution to a problem that hasn t been solved for the past 30 years. go back to carter he said we would stop our dependence on foreign oil and it has doubled. we did not have enough of an alternate to substitute for oil so when we have issues where demand is greater than the supply you can have short term bond aids of releasing supply, ....