Comments on: Gas prices close in on 2008 high http://www.investedcentral.com/blogs/index.php/2011/04/20/gas-prices-close-in-on-2008-high/?utm_source=rss&utm_medium=rss&utm_campaign=gas-prices-close-in-on-2008-high Stock Market Analysis, Guidance and Education Wed, 05 Dec 2012 14:44:22 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: Larry Peckham http://www.investedcentral.com/blogs/index.php/2011/04/20/gas-prices-close-in-on-2008-high/#comment-152 Larry Peckham Thu, 21 Apr 2011 21:03:53 +0000 http://www.investedcentral.com/blogs/?p=564#comment-152 I disagree with your analysis today that oil companies are to blame for the continuing high oil/gas prices...even at the pump. I can sum it up in two words: "dollar debasement". We continue to run high twin deficits (trade and budget) combined with a long time negative current account. We are seeing a diversification out of the dollar into hard, currency assets of precious metals and currencies of resource-export nations. In addition, several countries are engaging in swap agreements to settle the sale of certain goods between them in other-than-dollar currencies. Until this proligate spending government gets spending under control and stops this incessant monetization of debt, this will only continue. Larry Peckham Futures Trader I disagree with your analysis today that oil companies are to blame for the continuing high oil/gas prices…even at the pump. I can sum it up in two words: “dollar debasement”. We continue to run high twin deficits (trade and budget) combined with a long time negative current account. We are seeing a diversification out of the dollar into hard, currency assets of precious metals and currencies of resource-export nations. In addition, several countries are engaging in swap agreements to settle the sale of certain goods between them in other-than-dollar currencies. Until this proligate spending government gets spending under control and stops this incessant monetization of debt, this will only continue.

Larry Peckham
Futures Trader

]]> By: haven http://www.investedcentral.com/blogs/index.php/2011/04/20/gas-prices-close-in-on-2008-high/#comment-150 haven Wed, 20 Apr 2011 19:29:01 +0000 http://www.investedcentral.com/blogs/?p=564#comment-150 Per local news yesterday, 4/19/2011, average retail gas prices in northern california, $4.20/ gallon. Yes, world of hurt is about right. Guess this is known as "trickle down theory". Per local news yesterday, 4/19/2011, average retail gas prices in northern california, $4.20/ gallon. Yes, world of hurt is about right. Guess this is known as “trickle down theory”.

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