b101 nothing will be spared if we double dip.Crude oil sinks...

b101 nothing will be spared if we double dip.

Crude oil sinks hope of early recovery
By Colin Twiggs
August 10th, 2011 6:00 a.m. ET (8:00 p:m AET)



"Crude Oil
Today?s bounce on world markets caused a rally of Brent Crude on the hourly chart, testing the former primary support level at $105/barrel. Institutional buying of stocks does not alter the fundamentals: high crude oil prices will cause a double-dip recession. No action by the Fed can change this. Every crude oil spike in the last 50 years has been followed by a recession."

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