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Monday, April 25, 2011

Oil Prices And Inflation

The DOW dropped 26 points today closing at 12,479. Expect to see amazing profits reported by energy companies this week. Inflation is back in focus.

Its absolutely amazing to say this but the thing that could very well eliminate Obama from re-election will be the price of gas.

Reuters: Inflation jitters halt Wall Street rally on quiet day

2 comments:

Glynn Kalara said...

He rode in on high gas prices and he just might ride out on them. The Rethugs will do whatever it takes to get rid of him. He'll try and kiss up to them right to the end.

Jim Sande said...

I think its ironic though. Of all the reasons to ditch him or rehire him, it will go down to gas prices. How f-ed up is that.