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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (9024)	6/17/2008 7:53:52 AM
From: Giordano Bruno	Respond to of 71408

Ya know, I could analyze oil bloomberg.com

To: Real Man who wrote (9024)	6/17/2008 7:58:49 AM
From: Elroy Jetson	Read Replies (2) \| Respond to of 71408

The low Fed Funds rate and prior monetary creation has kept the current economic expansion going long past it's sell date. This part of oil prices are easily fixed with the global recession. But ultimately you need the refineries capable of processing heavy/sour crude which is in glut, to take the pressure off light/sweet which is in short supply. The problem is when oil prices come down to $70, perhaps overshooting on the downside on the way, each $3 billion heavy/sour refinery will be in a loss position as they cost more to run, in addition to their extra $2 billion in capital costs. Best that they be owned by that guy over there instead of you. May I refer again to the road-map this will rhyme with. This period was preceded by the irresponsible Fed policies of Arthur F. Burns leading to an inflation rate of 13.5%. He was preceded by the slightly less bad William McChesney Martin who funded the Viet Nam war with 6% inflation.