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Interestingly enough, as the price of oil drops the DJIA goes up. The speculators have made a fortune on oil and are retreating to the stock market.
Personally as someone who makes stuff for a living, I believe high oil can only help us because it makes artifically low priced Chinese goods more expensive than locally manufactured goods. It also opens up more incentive for people to recycle, thus creating more industry locally to take advantage of less transportation. I just hope my theories become more widely accepted. We need to do things for the right reasons F#$% THE CEO and his board of YES MEN. In the long run doing the right thing for the right reasone will create more value for the shareholders.
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