Reality Check: The Fiat Dollar is the real reason for high gas prices
#2
Lexus Fanatic
Didn't impress me much. He sounded to me like he was trying to put a spin on it, blaming the Fed because of money-printing, dollar-devaluation, and the lack of a gold-standard. Oil prices, from what I can tell, are simply being bid up by continually-growing demand in China and India, speculators worried about the international situation with Iran, and reaction of the oil-markets to Obama's decision to drop the Keystone pipeline, which could affect future supply in the U.S.
#3
Lexus Fanatic
iTrader: (1)
so youre saying the amount of money weve printed over the last decade has nothing to do with the rising prieces of everything? So there is no side effect to printing money? It's basic economics.
Its funny how gas is cheaper today than what it was in the 1960s when you view it in terms of gold and silver. Gas isnt truly inflating, the dollar is getting weaker.
So you say increasing demand from China and India, why is OPEC revising its oil demand forecast down for 2012? Where is this increased demand? Not to mention demand in the US is down to 1997 levels. Yet the price keeps going up. Its clearly not demand.
Its funny how gas is cheaper today than what it was in the 1960s when you view it in terms of gold and silver. Gas isnt truly inflating, the dollar is getting weaker.
So you say increasing demand from China and India, why is OPEC revising its oil demand forecast down for 2012? Where is this increased demand? Not to mention demand in the US is down to 1997 levels. Yet the price keeps going up. Its clearly not demand.
Last edited by 4TehNguyen; 03-02-12 at 11:33 AM.
#5
Lexus Fanatic
iTrader: (1)
if people think gas prices are higher now, they havent seen nothing yet. Im still surprised they can make money off $4/gallon gas. If you think about what it takes to bring it up and the huge amount of capital and equipment. I dont get how it is still just $4.
Starbucks is a hell of a lot more expensive than $4/gallon yet it doesnt require a multi billion dollar platform, pipeline, and refineries to produce it.
Starbucks is a hell of a lot more expensive than $4/gallon yet it doesnt require a multi billion dollar platform, pipeline, and refineries to produce it.
#6
Didn't impress me much. He sounded to me like he was trying to put a spin on it, blaming the Fed because of money-printing, dollar-devaluation, and the lack of a gold-standard. Oil prices, from what I can tell, are simply being bid up by continually-growing demand in China and India, speculators worried about the international situation with Iran, and reaction of the oil-markets to Obama's decision to drop the Keystone pipeline, which could affect future supply in the U.S.
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lexdud
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06-12-08 10:30 PM