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Oil...

Discussion in 'General Investing Discussion' started by Tropo, 2nd Jun, 2008.

  1. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
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    NSW
    “.....Aside from the fact that the assumption that inflation can create economic activity is entirely false, the idea that OPEC is somehow to blame for the rise in the oil price is absurd.
    Look at the chart below that shows the oil price in US dollars and the increase in the supply of dollars as measured by M3.
    We see that the oil price is trying desperately to catch up with the dollar’s inflation.
    In fact, if anything, oil companies and oil producers have been subsidizing American gasoline consumers for the past 22 years!”

    Paul Van Eeden - Commentary


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