The Case For $80 A Barrel Oil
The Case For $80 A Barrel Oil
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http://www.forbes.com/home/2008/05/09/oil-saudi-arabia-biz-energy-cz_df_0509oil.html
Type of Content: Article Oil prices may hang above $100 a barrel for the rest of this year but will fall as low as $80 next year as world demand slackens and Saudi Arabia tries to buy influence with the incoming president by pumping more crude oil, an influential Lehman Brothers analyst said in a report issued today. Read »
Created 12 weeks 5 days ago
Made popular 12 weeks 3 days ago |
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So the Saudi's are causing the price to go up eh? Yeah and it has nothing to do with the dollar dropping and having a down word trend. The dollar my rally this summer as the charts suggest but get real here folks look at the numbers...
$9.4 Trillion in JUST federal government debt
$550 Trillion in derivatives (Bets) about to go bust.
$1 Trillion trade deficit
$62 Trillion in unfunded liabilities of the Federal government
$47 Trillion in private sector debt.
The lender of last resort is warming up the printing presses as the 10 Year treasury notes are not selling. For god sakes people smell the toast burning. Or you can continue to delude yourself in the matrix with the government stats that say there is no inflation.
Davinci
I took my red pill in October 2007, the world looks different now. Thanks Ron Paul.