Comments on: Lehman’s Tentacles http://www.businesspundit.com/lehmans-tentacles/ Entrepreneurship, Startup Companies and Business Philosophy Fri, 03 Feb 2012 07:09:48 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Drea http://www.businesspundit.com/lehmans-tentacles/comment-page-1/#comment-8712 Drea Tue, 16 Sep 2008 14:40:33 +0000 http://www.businesspundit.com/?p=5357#comment-8712 Steve, good point. I thought that was an unusual connection. Would you say that the banking crisis had *nothing* to do with Monday's selloff? The article that I got the info from (linked) seems to have some evidence that it does. Steve, good point. I thought that was an unusual connection. Would you say that the banking crisis had *nothing* to do with Monday’s selloff? The article that I got the info from (linked) seems to have some evidence that it does.

]]> By: Steve. http://www.businesspundit.com/lehmans-tentacles/comment-page-1/#comment-8710 Steve. Tue, 16 Sep 2008 11:32:55 +0000 http://www.businesspundit.com/?p=5357#comment-8710 No, oil is not dropping because of the banking crisis. Speculators are seeing that Congress is going to vote to lift Congress' ban on offshore drilling and the speculators are dumping oil. Although the US was using less oil for months, oil had risen to $147 when the President lifted the Executive ban on offshore drilling. The price fell back and even fell during 2 major hurricanes when the price would normally go up a little. With both Congress and the President on the same page, the oil bubble has finally burst. No, oil is not dropping because of the banking crisis. Speculators are seeing that Congress is going to vote to lift Congress’ ban on offshore drilling and the speculators are dumping oil.

Although the US was using less oil for months, oil had risen to $147 when the President lifted the Executive ban on offshore drilling. The price fell back and even fell during 2 major hurricanes when the price would normally go up a little. With both Congress and the President on the same page, the oil bubble has finally burst.

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