Software, and other stuff

Tuesday, October 19, 2021

Oil hitting consumer zone

 Closer to 85 and rise becoming relentless.  This is where consumer slow down noticeably. But it is not peak, it is not a shock level, but it is at wary level. I hear rumors that shareholders of oil companies, domestic, want a period of profits with less development costs. This is part of the domestic inflation hitting development costs. Oil in the ground has higher future value. Higher oil is a hit on the dollar, and import prices quickly in response.

No comments:

Post a Comment