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fed's outlook batters stocks
Published May. 22, 2008Crude oil tops $133; Fed's outlook batters stocks
As crude oil hits new highs, the Dow falls 227 points. The Federal Reserve forecasts slower growth, more unemployment and higher inflation. Airline stocks are crushed; American Airlines says it will cut capacity by up to 12%. HP shares slump despite higher profit.
http://articles.moneycentral.msn.com/Investing/Dispatch/080521markets.aspx
Good morning everyone. What cha think about this mess????Election time or something even more sinister?????? I wish you all the best day you can have.
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GOLO member since July 3, 2007
May 23, 2008 9:01 a.m.
Looks like you've got your tinfoil hat on too tight today, grant.
GOLO member since July 17, 2007
May 22, 2008 10:17 a.m.
It's not untouched - China and Cuba are drilling there as we speak. It's only American companies that are barred from drilling off the coast.
GOLO member since July 17, 2007
May 22, 2008 10:10 a.m.
GOLO member since November 8, 2007
May 22, 2008 9:54 a.m.
GOLO member since July 19, 2007
May 22, 2008 9:16 a.m.
GOLO member since November 15, 2007
May 22, 2008 9:15 a.m.
GOLO member since October 18, 2007
May 22, 2008 8:49 a.m.
Very true.
It's time to drill for oil where possible domestically, inclusing the eastern half of the Gulf of Mexico (currently untouched to protect the environment of Florida's coast) off of the coast of NC, ANWR and in Montana where new reserves have recently been announced.
Secondly, a major incentive to build new refineries should be passed in order to make it economically irresistible. Coupled with streamlining federal environmental impact rules and limiting court challenges by the CAVE* crowd, perhaps they could come online in 5-10 years.
And I don't blame Bush for all of our problems. I just don't think he's done a good job in a lot of aspects, particularly in fiscal areas.
* CAVE: Citizens Against Virtually Everything
GOLO member since August 16, 2007
May 22, 2008 8:38 a.m.
GOLO member since October 18, 2007
May 22, 2008 8:28 a.m.
You may want to check out the new Iranian Oil Bourse.
GOLO member since August 16, 2007
May 22, 2008 8:19 a.m.
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