I’ve been getting a lot of calls and e-mails from people asking about the falling prices for oil in recent weeks. The immediate explanation is that world economic activity is decelerating. Demand is falling. OPEC announced cuts in output. But the markets still believe that economic decline will trump the ability of OPEC to prop up the price of oil. Enjoy it while it lasts.
November 19th, 2008 | Byron King | 15 comments | Continued Our DR Global Editions: 
Sunday, November 08th, 2009
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NASDAQ 2112.44 +7.12
S&P 500 1069.30 +2.67
Ftse 100 5142.72 +17.08
2009-11-06 00:47 Most Comments
- Australian House Prices Are Severely and Seriously Unaffordable (183)
- Tell Us What Questions You Want Answered in the DR (169)
- A Flawed Theory on How to Manage an Economy During a Recession (100)
- Total Meltdown of the Aussie Housing Market (91)
- House Prices Always Go Structurally Higher in Australia (75)
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"The poor object to being governed badly, while the rich object to being governed at all." G. K. Chesterton
Dan | 8Nov09 | More -
Gidday Ross. Number 4 sounds best but not betting on it.
Lucky the email was in my deleted items box for ...
Lachlan Scanlan | 8Nov09 | More -
This is why moderators are needed in a public forum such as this.
Dan | 8Nov09 | More -
" I rarely see the need to use smiley emoticons." :(
Pete | 8Nov09 | More -
Lachlan, have you got that link? I only read Casey when he syndicates. He isn't signed on to ...
Ross | 8Nov09 | More -
Well, at least it was funny.
Dan | 8Nov09 | More -
Much as i'd like to see Sydney house prices fall i do not think what happens in the USA will ...
murray | 8Nov09 | More -
EPILOGUE: Mr Denning strode into the office, stepped gingerly around a shred of cerebral cortex, over a lump of amygdala, ...
Pete | 8Nov09 | More -
Don't recall talking about diversity Pete??? But I'm sure you'll explain it to me elsewhere if you are in the ...
Ned S | 7Nov09 | More -
Fully suspected the same Dan - Thus my "leave youse tuit" and "hold em/fold em" comments. Housing's an emotive issue. ...
Ned S | 7Nov09 | More
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"The poor object to being governed badly, while the rich object to being governed at all." G. K. Chesterton
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