Monday, June 23, 2008

Wondering Why We Have High Oil Prices?

Forget peak oil
Think speculators. Check this out.

2 comments:

farmergordon said...

The great thing about playing the futures market is the impending crash that allways comes. Unlike other markets the futures market can bomb at a moments notice.Its the new black for investors at present.Unfortunately we are all paying for it. Hording is expensive though so soon they will offload and then prices will dive.Apparently by a $175 conversion you add water to your fuel inlet valves and you almost double your fuel consumption.In the next few years all cars will have it as standard. Have you seen this work Graham?

Grizzler said...

The US dollar is being devalued steadily by the US Federal Reserve (a private bank) with the purpose of bailing their mate's banks out. They need to bail their mate's banks out because they were doing dodgy lending and because the US Fed deregulated derivatives etc in the 90's. All this means print money to try to prop up the system.

Smart/rich/establishment people know all this so they are putting their money into assets to avoid inflation. Real estste is good bu hasn't hit the bottom. A good place to avoid inflation is putting money into commodities and futures.