ERHC Energy Inc (ERHE)

[Hawk700]

Oilphant,

You may have connections which allow you to hear chatter which you post here....which is cool.

But when it comes to economics, i think you're missing the boast. The actions of the Fed have been extremely inflationary. Look at oil when it was at $70 as barrel in 2007....the price rose becasuase the dollar was being debased. Look at the charts....when the dollar was weak...gold and oil rose. Now that the dollar has gained strength.....oil and gold have declined.

Please answer this question.....do you think the dollar will continue its rally? If your answer is no, then your thoughts on oil's demise are incorrect.....

The dollar rally is not sustainable. I'm not saying that oil will go back to $150.....but it will rise from its current levels eventually.......