I wouldn't have much faith in the dollar either way.Debt issues will just get worse if the market doesn't improve.Oil can go either way near term.Gold's fundamentals are still intact.
If oil were to drop to say 100 bucks and gasoline were under 3 bucks,do you think people would be "conserving"?The answer is no.The problem remains.100 doesnt seem so exspensive anymore does it.140 wont either down the road.
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Im sure you were saying the same at 50 dollar oil too.Demand remains high,and supply is limited.With all the declining wells,any new finds will be lucky to just replace those.There hasnt been many new sizeable finds in years except the ones PBR has claimed basically.What they estimate and what they produce can be two different things as well.Not to mention time consuming.By the time the oil comes out,they might not mean a whole lot,because consumption is higher,meaning we are using more.Oil prices will fluctuate,but prices in the long run are heading higher,not lower.
Will the Fed Use a 'Two-by-Four' to Whack Oil? [View article]
Quit pushing ethanol.Its a waste of time.It was back with Jimmy Carter,and still is today.That will bring food prices down some.Oil needs to be drilled more.Bubble? What bubble?Supply and demand.Supply cant keep up with demand and the outlook looks bleak for supply.130 dollar oil looks about right to me.
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