New York and New Jersey encourage strikes – how else can you explain:
- A new law in New Jersey allowing strikers to claim unemployment insurance in only 4 weeks
- A bill that the Governor hasn’t yet signed– but passed by the NY Senate – to allow striking workers to get unemployment benefits after only one week?
After a rapid-price fall driven by higher stockpiles, the oil may be rising to reflect:
- Production hasn’t grown to previous highs
- Demand from refiners has been down – but should ramp up in the summer driving season