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

Back to blog

Higher oil prices

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 @ Jan 15, 2009 13:10:50 PM

Up Production in the Bakken

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 @ Jan 13, 2009 14:22:59 PM

Is the sleeping giant dozing off again?

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 @ Jan 13, 2009 08:12:09 AM

Maybe Not

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 @ Jan 12, 2009 20:02:28 PM

Back to blog

Add Your Thoughts
About You

New Money

Katy Marquardt, a senior editor at U.S.News & World Report, takes a contemporary look at happenings in the financial world and aims to help young investors get going with their portfolios--or just sound cool at cocktail parties. Have a question? E-mail Katy at newmoney@usnews.com

advertisement

Subscribe

U.S. News Digital Weekly

A weekly insider's guide to politics and policy — in a multimedia, digital format. 52 issues for $19.95!

U.S. News & World Report

6 months of U.S. News & World Report's print edition for only $15. Save up to 67% off the cover price!