Debased paper dollars cannot stand toe to toe with crude oil in the merciless world of the free market -- where excess monetary liquidity will always be punished in the form of higher prices. Crude will continue to crush the dollar as October becomes a month for the whole world to remember for a very long time.
J
Wow. Can I borrow your crystal ball?
Other than that, how's things?
BTW - I agree, unfortunately.
Speculators strike again. This is not about supply and demand.
"Debased paper dollars cannot stand toe to toe with crude oil in the merciless world of the free market -- where excess monetary liquidity will always be punished in the form of higher prices. Crude will continue to crush the dollar as October becomes a month for the whole world to remember for a very long time."
The economy between energy, Katrina and housing is already at a down-turn. Saying that we'll all remember October is somewhat obvious. In my opinion, oil is not going to go past $70 a barrel for a long time to come. The reason? If the American consumer sees $3.00 gas consistently we will all be screaming for biodiesel and ethanoland we'll get it. The arabs and big oil knows this also. We can be adequately fleeced for $60 a barrel and $2.25 a gallon for gas. It's a price American consumers proved can be tolerated.