James Seaberg

Global 'Oil Shock' Rattles World Stock Markets

A scarce resource like crude oil can go up even in a fixed exchange rate system. We need only the concerted efforts of the major central banks to inflate the money supply. This unbelievable money supply growth which we are experiencing presently together with the prospect of peak oil will assure much higher oil prices even if the US falls into a recession. Solution: Buy USO (an ETF).