Mohacsy's Safe Portfolio Member Forum

[santafe2]

Looks like that requires login to read Court, can you post here? Also, this one is interesting...

"Saudi Arabia's oil ministers suggested OPEC will try to keep oil prices high because dollar weakness is eroding the value of member nations' petroleum-export revenue."

I've made this point before - at US$ 120 the price of oil should be $22-24. If we translate that price into US$ 90 it works out to $30-32. So there you have it, the price of oil has not gone up, its simply reflecting US$ depreciation. Don't blame the Saudis, it's our own government's fault - which of course means it's our fault.