Old Project Avalon Forum (ARCHIVE) - View Single Post - $75 Oil

TAXMASTER · 10-15-2008, 11:43 PM

actually, williams will turn out to be right for the wrong reasons. right now we are in a period of deflation and all commodities are dropping to lows that have not been hit for several years. that coupled with a supply buildup (due from increased capacity from opec in the summer and drivers staying home due to gas prices) is why oil is lower. it really hasn't got anything to do with plentiful oil. you can bet opec will lower production and try for some price cap in november. also when inflation kicks in due to all this money dumped on the markets, commodity prices will skyrocket.

Namaste'

10-15-2008, 11:43 PM	#17
TAXMASTER Avalon Senior Member Join Date: Sep 2008 Location: Terre Haute, Indiana Posts: 117	Re: $75 Oil - Lindsey Williams anyone? actually, williams will turn out to be right for the wrong reasons. right now we are in a period of deflation and all commodities are dropping to lows that have not been hit for several years. that coupled with a supply buildup (due from increased capacity from opec in the summer and drivers staying home due to gas prices) is why oil is lower. it really hasn't got anything to do with plentiful oil. you can bet opec will lower production and try for some price cap in november. also when inflation kicks in due to all this money dumped on the markets, commodity prices will skyrocket. Namaste'