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View Diary: Daily Kos Elections Morning Digest: Wisconsin Democrats file one million signatures to launch recall (131 comments)

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  •  It's one area where Europe's troubles help us (5+ / 0-)

    Your concern is reasonable, so I took a quick look:

    http://www.nasdaq.com/...

    European demand is slowing, and that will be a buffer to any oil price rise this year.

    In its monthly oil market report, the IEA lowered its first quarter 2012 demand forecast by 500,000 barrels a day after consumption fell in the fourth quarter 2011 for the first time since the end of the credit crunch.

    "I hope; therefore, I can live."
    For SSP users, see my Tips for Swingnuts diary

    by tietack on Wed Jan 18, 2012 at 07:32:15 AM PST

    [ Parent ]

    •  Good Point..... (2+ / 0-)
      Recommended by:
      tietack, MichaelNY

      ....and perhaps just as consequential is slowing growth in China, which could also suppress oil demand.  Unfortunately, it's a double-edged sword as a declining China and Eurozone also slows our economy.

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