Posted on 01/18/2014 10:12:50 AM PST by Praxeologue
Oil glut bring deflation...
This guy is definitely on drugs and may reside in Colorado. Oil glut means cheap energy and business expansion. This must be the decade of bad science and idiot wetters.
Exactly. If we hit a period of deflation, cash will be king. I have a good amount that I’ll be turning into tangibles if this happens.
WELL....do you want children to go to bed hungry?
Not hungry...just sick without medical care. It’s easier to lie your way out of it.
There are still around two billion people without electricity or reliable power. Cheap gas makes that easier, from generators to vehicles.
For the developed world, cheaper gas means more disposable cash and hence more money for the service economy and employment.
“Funny how the Time and Newsweek rags said we were running out of oil so many decades back much like other erroneous crap they predicted on another thread here on FR.”
That bs was pushed by the Opecker Princes back in the late 1950’s and from then to now.
They bribed every left wing professor and economists, (Left Wingers = Probably about 99.98 % of both groups). Then they created and financed the green economic terrorists, funded the Gorebull warming thugs/ We have been shipping our money to the Opecker Princes for decades and spilling American blood in the middle east for that time.
Hopefully, some healthy competition will destroy the Opecker Princes and their evil cartel know as OPEC.
Then, as their oil fortunes and power decline, maybe the Saudis and their allies will enter into a mutually destructive battle with Iran and its insane allies. Hopefully, the US will stand back and watch Allah sort out the winners and losers.
From Peak Oilers to Oil Glutters, they turn themselves into pretzels trying to turn good news into bad.
Despite Obama's best efforts, the oil markets are working.
Oil glut but food shortage. Can you have deflation with the price of food going through the roof? Wait until you see what happens to the price of food when the California drought is factored in down the road. Some investors will make a fortune on commodities this year.
“When US prices for gas drop low enough, those American who have acquired expertise will fan out across the glove and drill for the gas there.”
That will be one of the best investments for a few decades.
Investment in companies that have the experience/expertise you cited, and the companies that can build the refineries/pipe lines and other large standing investments needed with the ‘New’ discoveries.
The Fed’s no longer in control.
Thank you NV. IF the ME settles down, IF shale well productivity is maintained, IF this and IF that... The first two are unlikely and the first one has never happened longer than about a year in the last 40+ years.
The REAL inflation adjusted cost of fuel may decrease and if it does a time of prosperity will ensue. We will not see “cheap” $2 gasoline though. Instead it will not inflate as much as it has at other times.
There will be ebb and there will be flow and money will shift from one alternative to the better one. Recessions will come and depressions will as well. Populations will generally increase and the poor will increase in number.
Generally, the quality of life will become diluted and worse as more humans use the finite resources and space of spaceship Earth. Eventually there will be wars and some will die, probably not enough to make a difference for the survivors though. Mankind will eventually become victim to a disaster and the many fewer survivors will start the cycle again or not but you and I will be long dead by then.
I don’t think we will see dramatically lower fuel prices. I do think we will have greater stability. OPEC will not be able to manipulate prices as they have in the past.
Actual 'power to the people' is an anathema to some...
The voters.
They're still well above 2010.
My aren’t you cynical.
Some unconventional political work is called for.
Who? Me?
Yeah... you.
The cynic’s rant is “Our future has to be our past!”
Will be interesting to watch the possible glut run into Caliph Baraq’s 54 mpg standard for new vehicles.
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