Soaring Oil price & weakening US economy-On the Edge with Max Keiser-03-23-2012

In this edition of the show Max interviews Chris Cook; a former oil market regulator.

Chris Cook is an independent energy analyst and a former oil regulator who has the latest on energy markets. He talks about the soaring oil prices and its impacts on the weakening US economy.

He argues that the US market is in a free fall and the US has piled debt on debt. He also comments on the role of investment banks like JP Morgan and Goldman Sacks, and the military threats against Iran on the oil price.



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• Category

  News & Politics

[gary kinkade]

Wow...Now that was an interesting debate.

[Aresbro]

Lol the US market has risen back to pre-recession numbers and is continuing to grow, slower than normal, but still edging higher than its ever been. This guy is either stupid or antiAmerican. My guess is the latter. I work finance in New York City....anyone care to argue with facts...I didn't think so...

[optionsupdate]

falling oil demand in developed countries and rising demand in emerging

[408Magenta]

There is such a terrible recession in the USA, fewer and fewer people are working, poverty has accelerated; some 49 million people are on food coupons now, I have my doubts that demand for gasoline will increase. Even as prices will rise, demand may simply not be there.