Oil Prices go down

Freeper economists are kinda awesome. Since Obama has been in power, they see everything as a sign that we're in a secret depression. And they have the econo-babble to back it up. This is their reaction to the fact that oil prices are coming down a bit:

Eva thinks a price dip is a sign of the world monetary crisis:

I think that the drop in oil price goes right along with the drop in gold and silver (maybe other commodities?) ahead of a world monetary crisis. Once the crisis becomes apparent, the dollar will no longer be the world currency and the prices will sky rocket.

RINOs suck thinks a price dip is a sign we're still in a recession:

It's sign we're headed into a double dip recession.

We can expect oil prices and inflation to take off again when economic growth starts picking up again.

Thunder90 blames supervilliany:

I heard that Soros sold a bunch of gold, silver, and oil holdings.

Buckeye McFrog thinks this price dip is due to Obama somehow:

The traders have read the writing on the wall. Obama was about to put a pin to their bubble in order to save his political arse, and they are getting out ahead of it.

Look for Eric Holder investigations into “manipulative” trades and tough new rules requiring traders to take physical custody of the oil. The savvy ones will cash out on top before all that starts happening.

FourPeas refuses to look outside at gas prices:

The change isn’t significant enough to see any difference either at the pump or in the price of goods.

NRG1973 sees the economy is forcing tax hikes!

Stock market...down. Commodities...down. It sounds like there won’t be a QE3.

If thats true then you can count on interest rates to go up because if the Fed does not print money then the Treasury will have a hard time selling bonds.

This will put pressure on Congress and the White House to reduce the deficit.

In other words, get ready for big tax hikes!!!!!!