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  • Barron's Banks on $100 Oil [View article]
    omodes,

    I'd agree with you except this time it's all eyes on the dollar. Everyone's watching; I'm betting that the US politicos will do everything to prevent a deflation, and that means massive reinflation. Not one of them (except one from Texas) has the balls to tell the American people that it's time for pain. If you're buying oil with dollars, this one has a ways to go.
    Jun 22 19:32 pm |Rating: 0 0 |Link to Comment
  • Barron's Banks on $100 Oil [View article]
    One more things: The Tech Bubble ran for 5 years. The Housing Bubble ran for 7-8 years. The oil bubble is just a baby. We ain't seen nothing yet.
    Jun 22 15:30 pm |Rating: 0 0 |Link to Comment
  • Barron's Banks on $100 Oil [View article]
    Expect a coordinated global effort to talk down oil prices. Lower oil serves the best interests of ALL governments. Also expect the evil speculators to be rounded up and broken on the wheel. As I understand it there is now an actual delivery limit in place on NYMEX for silver. Corrupt governments will do whatever they can to squeeze money to where they want it to go and away from where they do NOT want it to go. Free markets.

    If the demand destruction that Barron's allegedly expects actually materializes, we will have other things to worry about.

    The only question that remains is the one that has begged an answer since this thing began: are "they" still in control of events, or are events in control of "them"?

    Looks to me like it's #2.
    Jun 22 15:27 pm |Rating: 0 0 |Link to Comment
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