US easy money risks creating oil bubble – IEA

littlekracker at 04h13
16
Nov
2010
US easy money risks creating oil bubble – IEA

Monday, 15th November 2010
US easy money risks creating oil bubble – IEA

AFP

Easy-money moves by the United States are pumping up the oil price to around $90 and risk causing asset bubbles, but slowing demand growth should contain the price, the IEA said on Friday.

Strong demand in recent months plus the US economic stimulus moves “have stoked expectations of inexorably higher prices even
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16/11/2010 at 04h13 by "littlekracker"