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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (86385)1/25/2012 5:59:13 PM
From: Maurice Winn1 Recommendation  Read Replies (1) | Respond to of 217786
 
Most people are unaware that oil supply disruptions serve a lot of competing interests. If the Straits of Hormuz are shut, other supplies become more valuable. When Iraq was invaded and oil supplies cut, that was a good thing for others who maintained supply. North Slope oil is more profitable if Saudi Arabia and Iran are not selling.

Gold bugs should be mindful that gold is made of oil. If oil is cheap, digging gold out of the ground is cheap.

While gold's price is hyperinflated due to panicky shortage, not made up by more excavation, it can't fly too far from reality or everyone on Earth will go into the gold-mining business. That won't happen. Moai culture is not a successful way to live.

If somebody is in favour of shutting the Straits of Hormuz or otherwise disrupting supplies, their buddies' oil relationships should be checked. The Bush family are good friends of Saudi Arabia's bosses. So it's not surprising that Saddam got a big problem. Obama thinks the Saudis are great too, getting the deepest of his bows.

Mqurice