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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread
VTI 335.11-2.0%Jan 20 4:00 PM EST
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To: Kirk © who wrote (8432)12/10/2014 4:27:59 PM
From: Boca_PETE  Read Replies (1) of 10065
 
Kirk,

Do you think that Bogle sees as a game changer the huge drop in oil prices and that USA no longer needs to import oil thanks to our shale production?

I would think that one could argue that previous transfers to Saudi Arabia /Iran etc. as payment for oil contained a subsidy to the extent that Saudis overpriced the oil and that subsidy goes away. Perhaps Bogle is seeing some kind of adverse economic impact from this development.

P
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