http://www.nytimes.com/2009/03/19/business/economy/19fed.html?_r=1&hp
Rates are dropping like a stone because of this.
I think we’re going to have bad stagflation in the near future due to things like this.
OPEC won’t need another Vienna to reconvene on their strategy to counter this.
-Mike
Back to $4.00/gallon?
no clue…but it definately ain’t gonna stay cheap.
in 2008 I did an analysis of the affect that each Fed Funds rate cut had on the price of oil…after each cut there was a direct correlation with a steep upward price curve for oil.
priced in dollars, (oil), whenever we, (Fed), devalue the dollar…you can pretty much bet that OPEC will counter. They have it. We don’t.
-Mike<used to work out at this one: http://www.noblecorp.com/Fleet/Rigs/lbouzigard_full.jpg
I think you’re right. I think think we are experiencing a period of short term deflation created by the job losses and the fact that other countries seem to be even worse than us in the past few months. I’m worried that the dollar drop and inflationary pressures are just being delayed and will come back with a vengeance.
So Do you guys think it is a good time to buy oil?
When do you think we might see prices start goin up ?
I have 2 - 275 gallon tanks at my house and both tanks are down around a 1/4 tank.
I have summer winter hook up so I use oil all year .
Has anyone here looked into solar or wind power ? I have recently started researching it a little and found alot of people are building there own systems . for cheap they claim around $200.00 .
I found some videos on you tube of a guy building a wind mill out of pvc pipe and a car alternator. I figure its worth looking into , I live on top of a hill so there is normally a good breeze.
…Denny
I’ve been buying Assault rifles. Bought two AK47s yesterday. With BO’s ban on the horizon, prices have been climbing and will be great after the ban.