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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Umunhum who wrote (10657)	3/23/2004 9:40:08 AM
From: Little Joe	Read Replies (3) of 110194

I agree that price of oil is likely to go higher, but, inflation adjusted, terms oil is still relatively cheap, or so some of the analysis I have read claims. This makes the situation even more bullish, because all that is necessary for good profits is for oil to catch up to inflation. Anything more is a plus. I don't know the exact historic high, but I think we are close now. Given that was 20 to 30 years ago. I suspect oil would have to reach $60.00 per barrell before it matched historic highs in inflation adjusted dollars. Little joe

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