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BlackRock's Bob Doll: Higher Oil Prices Could Signal Recovery

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There's nothing good about higher oil prices for the working man. When energy/commodity speculation drove it to over $4.00 a gallon the economy tanked quick. Hang on tight, we're in for a long ride (mostly downhill...)

Terry of Phx of AZ 1:10PM January 15, 2009

S good start, both for the economy and for pay down on IOU's to China would be full steam ahead in Bakken Basin Oil production. Seems a Win Win for all.

Jinglebob of CO 2:22PM January 13, 2009

Based on what happened after the oil price "crisis" of the '70's and the current consumer trend to returning to pre-2008 oil prices and the sudden lack of headlines by the media or urgency by the politicians, it appears that the only thing that will cause this country to get and stay serious about becoming independent of imported oil is high oil prices.

HillbillyBill of TN 8:12AM January 13, 2009

Why would it have to be good sign of economic recovery? It could be signaling the start of inflation or worse yet Hyper-inflation. With all the worthless paper they are throwing at this economic crisis and tresury bonds at 0% and negative one has to wonder when the chickens will come back home to roost.

Jeff of WI 8:02PM January 12, 2009