SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (128161)6/10/2008 8:30:11 AM
From: John VosillaRespond to of 306849
 
'If we see oil at $300 per barrel, we will be looking out over the smoldering ruins of the world's economy.

Oil production obviously cannot consume 100 percent of the world's income. My intuitive, uninformed guess is that it cannot go above 15 percent. If we see oil at $300 per barrel, we will be looking out over the smoldering ruins of the world's economy.'

Will nominal GDP have to grow at a much higher rate to make up the difference if oil doesn't crash here. But it will feel like recession for most as inflation rates power even higher. Yes if the 70's are back regardless that wasn't good for financial stocks at all just as Ben and Co attempts to save them in this current crisis with a steep yield curve low rate environment



To: Wyätt Gwyön who wrote (128161)6/10/2008 9:26:06 AM
From: zebra4o1Read Replies (1) | Respond to of 306849
 
Wyatt, That is one frightening graph. Looks like oil production hit a wall. Really like the lines showing the percent of 'world GDP' spent on oil.

But I suppose if you wanted to play devil's advocate you could argue that this graph could still just be showing a speculative price spike. If replotted in a few years, the graph might show increased production and lower prices - but I doubt it.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News