fubar1977 wrote:Inventories have oil, strategic stockpiles are full, the US is using so little gasoline nowadays we're exporting all our spare stuff
"Normal" days
Moderator: Peak Moderation
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RGR
This confirms a theory of mine.
The rise in Oil price was manufactured to save the dollar.
Money has been piled into oil futures to raise the price of oil. This could only last while stocks (of product) could be increased. When all tanks are full and delivery of oil becomes problematic the game is over. Time to pull all the money out of oil and buy T-Bills to prop up the failing dollar. Funny how the fall in oil price is matched by an incredible increase in the purchace of T-Bills at a time when the US economy is looking pretty grim.
More on this here (along with some pretty speculative stuff about the war in Georgia)....
The rise in Oil price was manufactured to save the dollar.
Money has been piled into oil futures to raise the price of oil. This could only last while stocks (of product) could be increased. When all tanks are full and delivery of oil becomes problematic the game is over. Time to pull all the money out of oil and buy T-Bills to prop up the failing dollar. Funny how the fall in oil price is matched by an incredible increase in the purchace of T-Bills at a time when the US economy is looking pretty grim.
More on this here (along with some pretty speculative stuff about the war in Georgia)....
Jim
For every complex problem, there is a simple answer, and it's wrong.
"Heaven and earth are ruthless, and treat the myriad creatures as straw dogs" (Lao Tzu V.i).
For every complex problem, there is a simple answer, and it's wrong.
"Heaven and earth are ruthless, and treat the myriad creatures as straw dogs" (Lao Tzu V.i).
