Dean M

Best Investments for Rising Oil

The GS $85/bbl oil price call of last week was the signal that this rally is done. Oil will be back in the low to mid $50 range in a month. Go ahead and buy that SUV!

My Thoughts on Oil

70% of our GDP is consumer spending, I wouldn't call that efficient.


On Jun 02 10:31 AM Righteous Dude wrote:

> Your first sentence is highly misleading. The US does use around
> 25% of the world's oil, but we also create 30% of the world's GDP.
> We are more efficient than most countries
>
> The second sentence makes no sense at all. Just as example: Japan
> is 100% dependent on oil imports, whereas the US is "only" 65% dependent.
>
>
> Why is oil going up? We have seen what enviro-terrorists have done
> to the energy policy in Europe. In an absurd attempt to fight higher
> temperatures that may or may not be caused by oil companies, Europe
> emphasized natural gas without bothering to figure out where they
> would get said gas... Now all of Europe must pay whatever price Vladimir
> Putin wants to avoid freezing to death.
>
> Obama is now indebted to similar extremists here in the US for his
> election. While alternative energy sources are probably a good idea
> in the long run -- they cannot make a dent in the next 4 years (or
> even 8). It took Brazil over two decades to switch to ethanol, and
> that was under a military dictatorship and with a lot less infrastructure
> to convert.
>
> What stupid energy idea will the crazies force down America's throat
> through their puppet Obama? Its anyone's guess, but one sure thing
> is that it will cost American consumers dearly