The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: gregor_us who wrote (21838)	8/6/2009 10:52:34 AM
From: Real Man	Read Replies (2) of 71479

My point is that oil is fairly priced at around 78-80$ pb, not $30 pb., and nat. gas at $8, not $4. Some on this thread argue otherwise, assuming oil will be pumped at a loss by marginal suppliers forever. I argue the supply is a function of price, and is elastic, the marginal supply will go away. The truth is, it is priced where it trades, the rest is opportunity. But I disagree that oil was now driven higher by speculators. It was driven lower by Goldman Sachs who screwed the speculators. The specs are also very short natural gas, so yes, they could potentially drive it much higher -g-

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