Oil Prices: the strong dollar means that the screaming from Chavez and the towel heads is mostly bullshit. But like an addict cannot be taken off the needle whether or not the heroin is weaker, all the oil countries, including Russia (chart left) are feeling the water in the toilet. Chavez MUST have $90 per barrel or he is fucked. He SAYS he's got enough in the bank to take him through any hard times but he's actually giving oil away to other countries in South America and those countries are like anybody having a hand out taken away, they will get mad at Chavez. His threshold price is God Only Knows what because of the oil he gives away. He's getting less for what he pumps no matter how you slice it. Russia, our old pals who are doing their best to fuck us, is on the verge of a financial Armageddon over the sudden price drop as their stock market, is hitting the skids big time.

Late Add: how big the oil glut? There are tankers full that can't find a home. They are lined up outside of ports unable to get in because there is so much oil.....Poor Putin. He is floating around the Americas trying to form a company to build more tankers so he can fuck us by offering Chavez markets outside the U.S. All this means we MUST develop alternate fuel vehicles FAST then they will all have tankers they will try to design to carry electricity.