Thursday, 24 February 2011

Oil price...UP UP and AWAY!

The devaluation of currency (a result of the inflation) continues. Our purchasing power declines but those in the third world (with a higher share of income going towards food and energy) are feeling it more. Thus the middle east undergoes a potentially transforming event. A region where the US held some power, may see that power/control decline. Implications?

Lock in higher oil prices. Higher gold prices also!

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