freefall51

Confirmatory Bias and Oil Investing

The excessive spending of the congress, the government having their fingers in our pockets through proposed higher taxes and non-productive but corrupt (though buying votes) new entitlements and stimulation packets supported by both aisles, Mr. Bernankes freebies to his ilk, the colossal national debt burden that will never be paid back and the incredibly weak $ will continue to drive the oil price up until we are all choking.

How is that? Please note, none of the factors mentioned are directly related to oil but they are predictable like a Swiss watch. Investment in oil is a protection against self-inflicted inflation. Well, that is trivial. Not difficult to be a bull even on a choppy day like this.