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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: Fintas who wrote (19479)	12/15/2014 12:32:48 PM
From: robert b furman	1 Recommendation Recommended By mary-ally-smith Read Replies (1) \| Respond to of 41629

Hi Fintas, Every recession has always preceded an energy price spike imposed by OPEC. The USA has through innovative technology become the swing producer. The new ability of mining oil vs drilling for it will become more widespread in the Americas - add in Mexico. High cost producers will have to sell at a loss to continue cash flow - tough on emerging exporters. The truth that no one wants to discuss is unconventional oil is not high cost oil. Deep sea water drilling is high cost oil. An energy reduction due to less demand and many more supplies will long term boost manufacturing of consumption goods that mandatorily went to energy costs first. It assures low rates and vast wealth creation to those who can supply the cheapest oil. Think of the wealth that is staying in the USA with shale. That is the reason our economy is outperforming others. We are refined crude exporters. The same innovation that gave us cheap natural gas was unleashed on oil mining. Enabling technologies are destructive to the old oil exporters. THey create huge resource revenue and many other technology jobs happening here in the USA. It will result in a US led boom. To compare deflation to Japan - a huge energy importer of energy or Europe an area that made fracing illegal - is by any standard an unfair comparison under the guise of deflation or almost any other measure. Including strength of banks. Bob