PeakOil is You
The $5.00 Gallon price Confirmation
Re: The $5.00 Gallon Confirmation
by Outcast_Searcher » Mon 03 Sep 2012, 14:10:55
$this->bbcode_second_pass_quote('eXpat', '[')b]Eight Reasons Gas Will Hit $5 This Year
You omitted number 6, (US economic recovery). Considering all the hand wringing about THAT, this seems rather ironic.
Also, number 5 (Eurozone slowdown) -- shouldn't that DECREASE prices?
.....
Prices are what they are, and given global supply/demand issues, Chindia, BAU growth, etc. I have no doubt about the long term direction barring hot Fusion or global economic catastrophe. But this seems to be pushing the doomer timeframe rather hard when both economic slowdown AND economic recovery supposedly crank gasoline prices up.
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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Re: The $5.00 Gallon Confirmation
by Plantagenet » Mon 03 Sep 2012, 15:12:45
Another reason gas is going up is the QE (i.e. dollar printing) by the FED.
As the FED prints more dollars and destroys its value, the price of hard assets like gold and oil go up.
As the FED prints more dollars and destroys its value, the price of hard assets like gold and oil go up.
Never underestimate the ability of Joe Biden to f#@% things up---Barack Obama
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Keep running between the raindrops.
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Keep running between the raindrops.
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