Wednesday 11 November 2009

Oil and ho-hum...............from Rico

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.

1 comment:

Unknown said...

I take it Rico is Karl Denninger, otherwise a little credit is probably due..