I think this is just another excuse why OPEC is decreasing supply and driving up prices in order to blame their wealth on China's increase in fuel consumption. I still think that OPEC is the main driving force behind the increase in our oil problems. Also the large skepticism about future supplies.
Weekly Market Commentary: June 16th - June 20th [View article]
You are right, commodities is the way to go right now. Gold has always proven to do well when there are high inflationary periods and it seems like the other commodities seem to be faring well in the poor economy.
I think this is very true, however I don't don't think that the US increase of 200,000 barrels a day will really help stimulate less import of foreign oil. It might be good in the short run, but in the long run it will drive oil prices back up as we become more and more dependent on oil again.
Want Lower Gas Prices? OK, Let's Increase Supply [View article]
I am intrigued by this notion and I understand your intentions of opening up oil wells to increase supply and drive prices back down. This however, won't fix our long term problems. This supply shock could trigger a great change in the way that we consume natural resources and it also spurs innovation. This supply problem that we are having may be a wake up call that we need to stop depending on oil from cartel nations and focus on other forms of energy.
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Want Lower Gas Prices? OK, Let's Increase Supply [View article]