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MOSLER'S LAW: There is no financial crisis so deep that a sufficiently large tax cut or spending increase cannot deal with it.

Saudi Crude Oil Output

Posted by WARREN MOSLER on January 4th, 2011

Crude oil prices continue to rise with no apparent increase in net demand, as evidenced by Saudi output.

No telling how high the Saudis want it to go, but higher prices are not good for the US dollar or the US economy.

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One Response to “Saudi Crude Oil Output”

  1. SethM Says:

    It’s possible that some additional demand is coming from coal users shifting to oil because of coal’s run up in price and expected further increase due to the floods in coal producing areas of Australia.

    Reply

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