ripped by crude

Everything you want to know about placards and signs you do not see at a Tea Party rally.

Please notice America’s trade balance. Our economy is scooped out and scrubbed raw by crude oil. It isn’t the worn-out worry about China filling shopping malls that’s our deficit, but also Nigeria, Canada, Mexico, Angola, Kuwait, Venezuela and wherever there’s a contract for crude!

Steve Ludlum at Economic Undertow:

The majority of analysts believe that crude oil is simply another input like copper or wheat. If crude becomes in short supply, another fuel of some kind will replace it, all that is required is high enough prices to fund the replacement.

They believe our economies are declining because we are carrying unserviceable debt. They suggest debt remedies will cure the economic disease and allow a return to growth.

Undertow?! The oil industry is an economic rip current!