Monday, September 27, 2010
Here we go again…….
'Oil price to double' how private investors can profit
While a renewed downturn would cause demand for oil to fall, the bank said this would be outweighed by the effect of low interest rates on the oil price. "The second round of quantitative easing that our economists expect in the first quarter of next year ... should help reflate oil prices even if US demand stays weak," it said. "We thus keep our 2011 crude forecasts of $85 a barrel intact."
Posted by mark @ 06:33 PM (1056 views)
6 thoughts on “Here we go again…….”
Add a comment
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
Crunchy says:
“Hyperinflation food shortages.”
Food can be weapon, that has been used throughout history as a control method.
Know the agenda.
str 2007 says:
Oil price to double – that’s misleading.
A minister has requested a stress test to see what would happen if it did double.
A couple of oil producing countries are chasing $100 per barrel up from current $75.
That seems to be the only evidence.
fallingbuzzard says:
I think what they really said was that oil prices are very linked to US interest rates and dollar value. What a surprise!
fallingbuzzard says:
I have no doubt that oil could reach $100 per barrel but that will only concern the US
uncle tom says:
Whatever..
The shares of those companies who extract oil and other core commodities are a safer hedge against currency debasement, than the accumulation of precious metals..
Remember, the price of gold and silver can rise and fall as do equities, but unlike equities, the P/E ratio of precious metals is effectively infinite – or zilch, depending on how you look at it – they don’t create wealth as such..
..and those who try to pretend that the rally in equities was some sort of bubble, should be reminded that the FTSE is still over 20% below it’s peak of 11 years ago, and that even the most pessimistic estimate of sustainable GDP growth, with double dip thrown in; still indicates a a rise in the index of over 30% before there would be a serious risk of a bubble burst..
A broad basket of oil and mining shares is probably the safest place for your money today.
Crunchy says:
2. fallingbuzzard
The elite control the price of oil to an extent. Do some research if you wish.
Then there’s the ever growing possibility of a war on Iran.
I would rather be long oil than short. Yet more inflation on it’s way. Still keeping up techie?