Many observers noted that the President had the facts of the
current oil situation wrong and that there were no longer record amounts of oil in storage or loaded on ships at sea.
«Seen from a Middle Eastern perspective, the present
global oil situation can be summarised within five major and inescapable trends:
By now, it should be obvious that the Saudis and their Gulf allies are playing the long game when it comes to the
current oil situation, and that means keeping the taps flowing in the midst of a global glut no matter how low prices go.
«It's just a matter of time before you're going to see policies implemented by major consuming countries to deal with
the oil situation.
On top of the domestic theatrics unfolding, uncertainty driven
the oil situation and the global economy are also having a strong impact on the markets.
The dressing is a quick, vinegar, herb and
oil situation that brightens the creamy, warm polenta and veggies.
Steve: Brain power and resources are not completely separate because, you know, we got
our oil situation.
Am in communication with dealer on
this oil situation.
If
the oil situation worsens, the Federal Reserve may be forced to raise interest rates further next year, inhibiting the demand for homes by buyers.
«If
the oil situation is neutral, the Fed will likely be content with the way the economy has responded to its six hikes in 2000 and sit on its hands all year,» says Lereah.
The dizzying ascent in world oil prices threatens to turn the good times into bad for the U.S. economy — and our housing markets could get caught in the middle as policy bodies attempt to keep
the oil situation in check.
But if
the oil situation changes for the worse, the Fed could tighten rates again, and all bets are off for mortgage rates.»