WashingTongue Post Hole

It's all about peace and justice. Anti-war, yes, but more than that. It is about thinking for yourself, deinstutionalzing, taking the military out of the hands of corrupt leader. Together we can make it happen.

Saturday, May 24, 2008

t r u t h o u t | $130 Oil: Is That a Tipping Point?

"We may finally have crossed the line where the price of crude actually matters for most companies," said Peter Boockvar, equity strategist at New York financial firm Miller Tabak & Co. "The stock market has been in la-la land when it comes to oil, but they got a pretty good dose of reality the last few days."

The ill effects of the latest price hikes would not be so surprising if it were not for the fact that the nation's economy and financial markets remained blissfully unruffled by oil's upward march during most of the last five years. Until this week.

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t r u t h o u t | $130 Oil: Is That a Tipping Point?


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