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re: When will oil come back?

Posted on 5/3/17 at 4:00 pm to
Posted by ksayetiger
Centenary Gents
Member since Jul 2007
68480 posts
Posted on 5/3/17 at 4:00 pm to
quote:

Thing is, the prices went up due to transportation cost, and they never went back down once oil hit the low. No doubt, if oil reached $75 a barrel again they will hike prices again and use the same excuse as last time.




Exactly. Which will cause faster inflation, which will a lead to higher minimum wage, which will cause even faster inflation, etc etc etc
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