Oil, Oil & The Bubbling Oil

The past few weeks have been a little hectic at work and though I was planning on updates, somehow the blog just started falling behind. Everyone seems to have an opinion on the price of oil, it's impact and solutions and rather than making vague projections on where oil would be a month or six months from now, I thought it would be really nice to understand the source of the problem to some extent.

I'm leaning a lot more towards the federal reserve (although most polls don't even place the finger on them). The Fed decided to turn a blind eye towards inflation and expected it to moderate over time and lowered rates faster than would normally be required. The "strategic" liquidity infusions are nothing but boat loads of money printed and dropped from a helicopter that Ben is riding. The end result, a trashed international dollar, a bubbling hot commodity that everyone relies on and is imported to a large extent. There is only one word that comes to mind... "Irresponsible" actions from the federal reserve are the basis and the rest of it is all speculative demand which cannot be satisfied. There is no way to satisfy a highly speculative demand - The speculators will keep buying [if more money buys less, they buy less but keep throwing the money till they see it does yield viable results]. For now with the current fed stance, and response is to just look the other way and well for now they may not have any tools to combat it as well.