ajtj99's Market Pulse

[Initq]

I admire the man and his accomplishments.

But regarding those ideas you listed I believe he is wrong. Dead wrong And perhaps that is why there may be a chance to build my fortune, while men more intelligent than I watch, by being diligent and relying on my own ideas.

Oil will correct and move right back up when exactly look at the trend. Oil is not tulips I can choose not to eat or drive a Tulip .
Look at the amount of oil it took to feed the Industrial machine that made First world Countries US, Europe etc. Find me the oil that can be allotted to feed the development of Russia (2nd world country) and China, India third world countries into First world status . Is that supply there? That is what I need to see to call this a bubble, high price does not a bubble make.

If you think anyone of these countries is not going to use their ever increasing currency to that end so that we can use 3 ton vehicles to carry our groceries home, well then maybe we are in a traditional bubble. What do I see in the rear view mirror is that Africa???

For this to be a bubble we would have to lower our consumption so that the supply demand is altered. If Congress really wanted to do that tomorrow in an effective manner, lower the speed limit to 45 and enforce it. Demand that companies institute work home policies. Lower the weight class in our vehicles.
When Oil is at $250. You’ll hear those and more.

The price of oil will continue to rise until it is of enough value for the buyer not to throw it away or squander it.
Or .........we could try to convince China and India of all the benefits of maintaining their Third world status. :)