The coming US dollar crisis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The coming US dollar crisis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: philv who wrote (7282)	5/15/2008 11:27:55 AM
From: Gary Mohilner	of 71454

I stand corrected, however even if a third of the oil was added to the mix at $50 a barrel it would bring our price down substantially. My point is the people in the other oil producing countries aren't paying anywhere near market rates for the oil used in their country, and they may be sharing the bounty of cheap gas with their neighbors. Our oil companies that produce domestically would be very profitable at $50 a barrel. Sure, all these companies prefer record profits, but these profits are coming on the back of an economy that's collapsing because of it. This is a time when govt. regulation may be required. Our govt. seems completely inept at getting the cooperation of our supposed allies in holding down oil prices, but then what do you expect when you elect an oilman to the Presidency. Bush's friends probably rejoice at the price of oil, Cheney's as well. Halliburton's thrilled with Administration actions. What difference does it make if the majority of the country suffers, Bush and Cheney's friends are very happy people. Gary

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next