The US Dollar dropped against 12 of its 16 counterparts.
So? Ho hum.
When the global recovery REALLY gets underway, oil will be at or above $150/bbl. (Remember 2008?)
...$300/bbl is possible, which would put gasoline over $6/gallon and diesel over $7-8/gallon.
This will hammer trucking! (Now you know why Buffet bought a RR!)
- Long-haul truckers will be out of a job.
The middle-class in suburbia will face commuting costs double what they are paying now.
This does NOT include "Crap...er, Cap and Trade."
Pick one: long dollar OR long oil.
Wednesday, 11 November 2009
Oil and ho-hum...............from Rico
From Theo Spark at 10:17
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1 comment:
I take it Rico is Karl Denninger, otherwise a little credit is probably due..
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