Interesting.
Let's do the math. Tight supply + high demand = higher oil prices or is it weak dollar+US Petroleum Reserves=higher oil prices
High oil prices could push the economies of the US and others that import more oil than they produce, into recession or a lengthy period of inflation.
Good idea! :)
i've read somewhere that it's Inflation NOT Deflation,a nd that US is heading for sharply higher interest rates but either way, I'll still make sure I got myself some food,water and bullets! :D
IMO oil prices are not rising because of a lack of supply..the prices of oil, gold, wheat, and other commodities are rising because of the decline of the world’s reserve currency, the U.S. Dollar. Dollar value decline, entirely caused by inflation, precipitates speculative market action further...