Sam Zell on Oil, Consumer Confidence, Candidates

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	Sam Zell on Oil, Consumer Confidence, Candidates

dgreplay

6-27-2008 3:22 PM

350 views

dgreplay says:

Zell believes price of Oil will spark mass conservation. He thinks consumer confidence is a serious problem right now. He also echoed the words of P&G's CEO who came out against the candidates for using the media to create added fear. Definitely worth viewing the interview available on CNBC's site...

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/cb83689b-60ee-4712-9e91-3b89b296ac0a/C1F9994B-C1BE-4F86-94AE-3225F9765232/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.cnbc.com/id/25410468" href="http://www.cnbc.com/id/25410468" style="font-size: 11px;">www.cnbc.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cnbc.com/id/25410468">I think the American people and the rest of the world will cut the use of oil in the next 12 months to levels people never thought were possible,"</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cnbc.com/id/25410468"><P class="textBodyBlack"><SPAN id="byLine"></SPAN>He said the oil price spiral is not being dictated by pure demand and is instead subject to psychological pressures from a market that has been scared into thinking that things are worse economically than they truly are.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cnbc.com/id/25410468"><P class="textBodyBlack"><SPAN id="byLine"></SPAN>"I think the political candidates are contributing to a lack of confidence and I think we have more a problem in confidence at this point than anything else," he said. "We've had a Democratic battle and each went out of their way to see if they could characterize the economy as worse, and that has an impact on the population."</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/C1F9994B-C1BE-4F86-94AE-3225F9765232/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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