bowman711

A Chart From Our Anxiety Closet

'Oil, of course, is a bellwether of industrial and consumer expansionism. Falling oil prices reflect waning fuel demand . . '

Since oil is the 'lifeblood' of the world's economies, it truly is a bellwether of economic contraction and EXPANSIONn. Don't forget that no matter where the current situation takes us, at some point the economies will have to start producing new goods to replace those that have worn out during the downturn. It will take oil to get industry running again. Even getting raw materials to the factories will take oil. So, I think a better store of value than dollars, Treauries, etc. would be to own the stock of oil companies whose assets are oil in the ground.

No matter what oil is priced at, or in what currency, it still will produce the same number of miles traveled, pieces of plastic, etc.