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Re: lentinman post# 551

Friday, 10/07/2005 12:35:44 AM

Friday, October 07, 2005 12:35:44 AM

Post# of 2684
Len/Oil prices and oil demand....I think that a falling value/depreciation of the US dollar will "mitigate" any serious fall in the price of oil long-term.

Oil is after all still widely priced in US dollars around the world. The dollar rally may end and that should put a bid under oil even if we have some "attrition" on the demand side for oil due to our economy weakining.

There's way too many US dollars floating around this planet for me to be bearish on oil long-term....no matter what our domestic supply/demand equation may be in our USA here.

I'm looking for bargains in the oil patch as usual. The "key" of course is timing.

Rogue


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