JREwing

Goldman Sachs: Gasoline Not Driving Oil Price

Finally, an article with some sense in it. I agree completely, except for the dollar defeatist thing at the end.

One should never sell the US too short. (Since I am not american i can say that without any patriotic feelings.)

As the author says: We are in a global competition for resources. This competition will not just be decided by economic issues, but also by military power.

That's why the EUR/USD trade was a joke and I am happy to see that bubble deflating. In my opinion it should be the other way around.

There is not one European nation able or willing to secure their trade routes. Their silly diplomatic talk may draw applause by the wimps of the world, but it means nothing - poetry socialists may like it or not.