CNBC cheap oil is bad!!!!!

Posted on | Monday, July 6, 2009 | No Comments

Note the min by min update of crude selling off like cheap oil is a bad thing. Actually it is, it takes the argument for cap and trades "relief" of foreign oil and throws it out the window. Which then takes the gov's desire to lock in contracts w/ GE to make wind turbines and other inefficient BS and throws that out the window.

edit: This trader in the pit just told CNBC to F off in not so many words as a result of their "oil watch".


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