Monday, August 28, 2006
U.S. stocks rally, oil's drop eases inflation fear
NEW YORK, Aug 28 (Reuters) - U.S. stocks gained in light trading on Monday as a sharp drop in oil prices relieved worries about inflation and the outlook for corporate profits.
We've been waiting a long time for this day. This article is spot on what oil is all about. just as this bnlog has been. Oil is everything. A semi gets 3 miles to the gallon. Plastics are made from oil. metals require high energy cost to smelt. Lime need to be heated to 3,000 to become portland cement. Your weekly gas bill. You synthictic clothing. Your food. Your electric bill is hinged on oil costs.
OIL is EVERYTHING. It is drive to inflate cost was the greatest enemy of interest rates.
If oil drops below $60 a barrel. Mortgage rates will drop below 5.5%
We've been waiting a long time for this day. This article is spot on what oil is all about. just as this bnlog has been. Oil is everything. A semi gets 3 miles to the gallon. Plastics are made from oil. metals require high energy cost to smelt. Lime need to be heated to 3,000 to become portland cement. Your weekly gas bill. You synthictic clothing. Your food. Your electric bill is hinged on oil costs.
OIL is EVERYTHING. It is drive to inflate cost was the greatest enemy of interest rates.
If oil drops below $60 a barrel. Mortgage rates will drop below 5.5%
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