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Daniel R · 11-13-2013, 02:04 AM

""At a time when gasoline bounces between $3 and $4 per gallon -- and will eventually go higher -- conspicuous fuel consumption just isn't cool.""

I love it how the author thinks he can predict the future price of a commodity, oil no less, with absolute certainty. If I could do that, I assure you that I would own every sports car ever made!

More to the point, the only thing that explains expensive gas, falling consumption of imported sports cars and the electric car programmes is the devalued dollar and zero interest rates. Once we get an interest rate again, the dollar will increase in value and it will no longer be profitable to leave tanker-loads of oil floating at sea just to bank the contango.

11-13-2013, 02:04 AM	#29
Daniel R Registered User Join Date: Apr 2009 Location: Perth, Australia Posts: 165	""At a time when gasoline bounces between $3 and $4 per gallon -- and will eventually go higher -- conspicuous fuel consumption just isn't cool."" I love it how the author thinks he can predict the future price of a commodity, oil no less, with absolute certainty. If I could do that, I assure you that I would own every sports car ever made! More to the point, the only thing that explains expensive gas, falling consumption of imported sports cars and the electric car programmes is the devalued dollar and zero interest rates. Once we get an interest rate again, the dollar will increase in value and it will no longer be profitable to leave tanker-loads of oil floating at sea just to bank the contango.