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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (48634)	1/3/2006 5:22:07 AM
From: GST	Respond to of 110194

Its hard to see who would loan us the extra $100 per barrel to pay for $150 oil. I suppose we could ask the Saudi's to bail us out. Barring a willing sugar daddy, we don't have the money to pay for the oil we import now, and we certainly would not have it if oil tripled in price. If we could not find a sugar daddy, the dollar would drop. That is pretty much inevitable no matter what. An oil price spike would just put the process into fast forward. A drop in the dollar could cause OPEC to price oil in something other than dollars -- that could really crush the greenback into "pathetic" status. Your comparison to Japan is off base -- they don't need a sugar daddy to prop up their currency.