tag:blogger.com,1999:blog-14273196.post3729681737196382679..comments2023-10-18T09:22:15.168-04:00Comments on MASTER LIMITED PARTNERSHIPS: joewxmanhttp://www.blogger.com/profile/05678926303802629952noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-14273196.post-99580744961568442008-11-21T09:32:00.000-05:002008-11-21T09:32:00.000-05:00"My brother in law who trades the pits suggests th..."My brother in law who trades the pits suggests that if 48 goes on oil...he would look for it to trade down to 30 dollars based on his chart work. Can you imagine what that says for the economy? D E P R E S S I O N !"<BR/><BR/>---------------------------<BR/><BR/>Maybe fear of depression, but lower commodity prices are one of the counter cyclical stimulators of the economy that occur in recessions.<BR/><BR/>Oil prices averaged $23.00 a barrel in 2001 and 2003.<BR/><BR/>http://inflationdata.com/inflation/Inflation_Rate/Historical_Oil_Prices_Table.asp<BR/><BR/>Going back to 2004 average oil prices of 32.68 implies perhaps a 300 billion dollar annual equivelent of a stimulus to the economy (back of envolope figuring domestic, imported, and some lower consumption ). <BR/><BR/>http://www.census.gov/foreign-trade/statistics/historical/petr.txt<BR/><BR/>Oil prices have colapsed because they were a bubble,<BR/>caused by money misallacted by the shadow banking system which has colapsed as well.<BR/><BR/>HSAnonymoushttps://www.blogger.com/profile/08950623979577954388noreply@blogger.com