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Tag Archives: oil

Happy 150th Anniversary … Petroleum

27 Thursday Aug 2009

Posted by Dagny Gromer in Misc.

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Tags

oil, petroleum

Petroleum, or more correctly the industrial use thereof, is 150 years old today.

Oil at $180 = Gas at $5.50 ?

22 Tuesday Apr 2008

Posted by Dagny Gromer in Economics, Political

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Tags

fiat currency, inflation, oil, politics

http://articles.moneycentral.msn.com/Investing/JubaksJournal/WhyOilCouldHit180DollarsABarrel.aspx

Why oil could hit $180 a barrel – MSN Money via kwout

In the “more dire predictions” category, Jim Juback from MSN (moneycentral.msn.com) thinks oil will continue its price rise. He sites geology and geopolitics. I often read his columns and they are quite good on the whole.

He omitted what I believe to be the major cause of this, and other, inflation. Government central banks producing huge quantities of fiat currency.

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