Archive for the ‘Oil & Gas’ Category

How Does the Devaluation of the US Dollar Affect the World Oil Industry?

This is a topic that I understand much better than oil prices and inflation so I thought I would say a few things about it. Dollar devaluation tightens oil supplies, increases demand, and keep oil prices high for an extended period of time. Dollar devaluation also creates problems for the world oil industry. Oil producing [...]

Oil: How low can it go?

Article found on CNN Money   With the little bit of relief that we’ve all experienced at the pump, it is easy for people to lose sight of the fact that six months ago we all would have thought that $3.75 was high. (at about $108 a barrel, the price of oil is around 50% [...]

Slight Reprieve in Oil Prices Won’t Last Long

I observed an interview of Robert Kiyosaki this week in regards to oil/fuel prices and the long term forecast. Kiyosaki claims that the primary reason for our current oil price situation is the devaluation of the dollar. Oil is purchased in dollars and as the United States continues to print more dollars the value declines [...]

GASOLINE IS ACTUALLY CHEAPER TODAY THAN IT WAS 45 YEARS AGO!

What if I told you gasoline is cheaper today than it was 45 years ago! Its true and I can prove it!! In 1963 gasoline was about $0.30 to $0.35 per gallon. Back then there were these things called silver dollars and they were interchangeable with paper dollars. So one dollar would buy you about [...]