You forget that it's not crude or gas supply and demand, nor
the peak oil, nor the
commodity speculators who caused high commodity prices, it's
Ben, and his excessive supply of dollars and credit.
And he is printing like mad!!! That's why stocks have a new
bull market, this is the market of "first receivers"
I believe we'll see oil at 200-300 and gas at 40-50 in 2
years, as the UFB amounts he already printed are fully felt.
So, yes, crude costs 80 to produce, for now. This means if oil
is kept under 80 for too long, shortages will develop against da
boyz shorting futures and the price will spike
Gas costs 8 to produce. Ditto there.
They will get to these levels, and much higher, as these costs will
rise too. Commodities can't trade below cost to extract
for long, unless they organize an enormous contango, so
producers can sell in the future. |
