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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Think4Yourself who wrote (41973)	4/16/2005 1:19:00 PM
From: gregor_us	Read Replies (2) of 206326

John: The Equilibrium View of Oil and the Dollar Has been kicking around for many years. Reduce the supply of oil without reducing the supply of dollars, and, you've got oil that's more "expensive" in dollar terms. All other permutations of the relationship apply: expanded supply of oil, expanded supply of dollars, etc. Some people actually view the dollar has having little worth outside of the fact that it CAN buy oil. Of course, what's happened now is the supply of oil is falling, while the supply of dollars is (has been) rising. IMO, it's actually going to get much nastier and ugly. Meanwhile, I notice the latest Theme to hit the market is that the price of oil (in dollars of course) MUST fall if the US enters a Recession. I suspect this "belief" will be proven to be both lazy, and American-Centric (actually, read: Dollar-Centric) in the days ahead. Lots of academic work has been done on the dollar/oil equilibrium theory. REgards, LP LP

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