Canbyte

Oil Will Peak at $150-200 - Barron's Interview

Seems everybody missed the issue - what will $75 buy in 20 yrs. Now it buys (more or less) half a barrel of oil or a standard door, 50 cement blocks, dinner out at ok resteraunt - for 2 (guy on second date) or a modest family of any size, 2 cheap guitars, 1 smallish tire (unmounted), etc. With M3 at 20% yoy and rising, what do you think $75 will buy in two whole decades? Murti must think cash under the mattress is a good investment!

Johnthebear and many others should reconsider their drill-Alaska-to-bits idea. Better idea is to save it for a (really) rainy day.