Hi Lee,

You said "The Fed. has no control over the price of Crude and now the damage is starting to show up."

My first thought when I read that statement was that the Fed actually can influence the price of crude quite easily. They probably have more ability to knock it down than any other entity on the planet. All Ben has to do is end his historic money printing campaign and announce that the Fed will finally start tightening, in line with every other central bank the world-over. The Feds are responsible for blowing this current commodity bubble with unprecedented monetary accomodation, and, as fast as a statement can be issued, they can pop it.

Of course the real issue is that the Fed simply has no interest in exiting the current strategy of easy money and will try to hold off until it best suits their interests/agenda..of course at some point they may be forced to make a change in their stance, regardless of whether they like the timing or not...could the times get any more 'interesting', lol...