Jason Rines (iThinkBig)

Burst Bubble? Commodities' Long-Term Story Remains Intact

Hard for speculation to keep oil going up indefinately with the banks running out of money to lend hedge funds to use for commodities leverage now isn't it :) Some people who give a damn about having a country have been sending some road maps to the Administration. They are listening. The second part of the plan is the 'National Energy Crisis' bill and an injection of hundreds of billions into alternative energy, offshore drilling, ANWR, nuke plants, biodeisel, coal liquification and expanded railroads. This is a massive bubble deflating and while I agree it will pause and begin to go back up, the moment this announcement is made (think GOP wants to lose White House?!?! Think again!) oil will be down to $65 and gold will also level off. The crisis is smacking every American in the face and all you people think about is the market leverage, your not factoring in emergency policy at all.