"In the End, we will remember not the words of our enemies, but the silence of our friends." -MLK

Saturday, March 5, 2011

Currencies and Oil


Don't be surprised if you start seeing more stories like this one. The Berkshire region of Massachusetts is already doing something similar: http://www.berkshares.org.  Indicators suggest we're heading for an eventual new monetary system.


When it comes to long term trends, oil appears to be riding the long term Bull. Here are
two factors:


1.) Oil is priced in dollars and with a devaluing dollar, oil will hedge itself with higher
oil prices.
2.) Rising global demand from China, India and other emerging countries.


Also, remember that oil is a non-renewable resource. The scarcer it becomes, the more expensive it will be.

No comments:

Post a Comment