The Price of Oil is Easily Explained

[louis c]

I know a lot of economists want to make the price of a barrel of oil a complicated matter, supply and demand and all that. We hear all this geo-political gobbledygook and such. Cyclical nonsense and all that other bullshit to cover for the Bush Administration's incompetence. Kudlow is the best for that.

However, here's a simple answer. In January, 2001 Gold sold for about $263 an Oz., Silver was about $4.50 an Oz. and Oil was about $26 a barrel.

Today, all those numbers have increased by roughly the same amount, three fold. Gold is $725 an Oz. Silver is about $13 an Oz. and Oil is about $70 a barrel.

The answer is simple. The American Dollar isn't worth shit. The Federal and personal debt, the balance of trade deficit, the Federal Budget deficit and the overall lack of confidence in this administration has caused our good old green backs to become deflated currency.

We are being propped up by our enemies, OPEC and China. If they call in their dollars, we're cooked.

Bush has sold us out and I think we are facing the greatest catastrophic financial crisis in history.

I hope I'm wrong but I'm afraid I'm not.