tomorrow? I only read the AP synopsis and it wasn’t clear what he was proposing, just jawboning against Middle East oil and something about ethanol in 6 years. I’m already using ethanol, so I don’t know what the hold-up is with that. Anyway, did anybody see any indication fuel cell or solar energy stocks will get a pop tomorrow, or any other winners or losers in the stock market?
Originally posted 2008-12-24 06:13:29.
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No oil prices won’t drop and the oil companies will continue making huge profits. Bush has interests in oil companies thats why the prices began climbing, the day he came into office. Katrina was a legit excuse for raising prices so oil companies won’t let go of this excuse.
This president lacks the political clout to move any sector. He could collapse the market by messing things up, but he can’t help any sector.