tag:blogger.com,1999:blog-2611021408437270881.post6433603559150070351..comments2024-03-18T23:59:39.885-07:00Comments on Skeptical CPA: Oil's Bottom?Independent Accountanthttp://www.blogger.com/profile/07800220849565219709noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2611021408437270881.post-50241961766049553702008-11-08T15:25:00.000-08:002008-11-08T15:25:00.000-08:00T Boone gettin t-boned...T Boone gettin t-boned...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-67291545292142484702008-11-08T12:08:00.000-08:002008-11-08T12:08:00.000-08:00hello i.a.,My FIL was crying that oil was down (he...hello i.a.,<BR/><BR/>My FIL was crying that oil was down (he has few few stripper wells), and that the stock market was down for him too. A double whammy 4 him. I told him not to worry about oil, just take what theyre giving for now. There is a firm long term floor under oil @ $55 IMO. They'll shut down tar sands below that. I didn't have the heart to tell him what I thought about the scam market.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-46629099304591250842008-11-08T09:01:00.000-08:002008-11-08T09:01:00.000-08:00I am with you on the oil and gas being at good val...I am with you on the oil and gas being at good value.<BR/><BR/>I for one believe very strongly in decoupling. It is inevitable as the US consumer loses his grip. The Chinese and Indians among others will be ramping demand for all kinds of products and commodities in the coming years. The US will be cut loose to fend for itself as the notion of reserve currency gets wiped from earth.<BR/><BR/>If you look at the balance sheet of a reserve currency, there is no there there. Any sort of currency reserve exists solely to sop up excess local currency and if reserve currencies disappear in value, local inflation ensues.<BR/><BR/>Welcome to the world of exploding commodities and self destructing currencies.Anonymousnoreply@blogger.com