Oil prices continue to slip on the current slick global economic crisis. Just what no country needs now is higher fuel prices in a global economic depression. Stuff like this creates tensions that can easily develop into war if our past is any indicator.
It looks like oil exploration off the west coast may be a reality and news like this can do wonders for lowering fuel prices which could really invigorate this economy.
Through these gloomy economic conditions however, light is peering through the clouds. The US dollar has been riddled, trashed, burned, and sold short by traitors (not traders). This is now having a reversal in trade. The weak dollar is now making the US manufacturing platform cheaper than China!
Yep, with the increased costs of fuel combined with the weak dollar it appears manufacturing abroad is becoming less profitable. In my view we need to do some serious ass kicking in Washington to get corporate and small business taxes reduced.
That would open the floodgates to much stronger economy with more jobs created by the private sector. Lower taxes will give business more incentive to spend more on capital improvement and expansion. Is Congress listening?
We already know which one is not.
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