Isn’t it possible the reason oil never goes below $75/barrel anymore is the inflated money supply?
Oil peaked at $70/barrel after Katrina in ‘05. Already that peak is a floor.
Oil peaked at $70/barrel after Katrina in ‘05. Already that peak is a floor.”
Bing, we have pumped 5 trillion dollars into banks in the last 3 years, that inflated the dollar or in other words made it about 25% less valuable in the world market. If Europe had not been run by Socialist and the Euro had not gone into the tank we would see Oil much higher.
Oil peaked at $70/barrel after Katrina in ‘05. Already that peak is a floor.”
Bing, we have pumped 5 trillion dollars into banks in the last 3 years, that inflated the dollar or in other words made it about 25% less valuable in the world market. If Europe had not been run by Socialist and the Euro had not gone into the tank we would see Oil much higher.