Stocks Surge Amid Big Oil Drop

George Mtonga | August 8, 2008 - 12:31 pm

Tags: economics, finance

http://online.wsj.com/article/SB121819265679623835.html?mod=hpp_us_whats_news

 

Does anybody remember that Bush  wanted the price of oil to go down? I had argued that the price of oil either down or up makes no difference; the only  world were that difference exists is that of specuators. In this case, Oil drops the economy as a refelection of  what happens on wall street goes crazy( good). Then the activity congests the world and the price of oil  goes up congesting the activity and then goes down, up, down, up down! In a way, it only matters if you are a producer or a consumer. Obvioulsy, in Oil   prodeucers always have the uppoer hand since speulators are closer to producers, they generally advocate for teh price oil to increase and then go down and make money off that while producers make money off flcutuating the prices.