OutcastPhilosopher wrote:aadbrd wrote:Baduila wrote:Gasoline is not the same as oil. The gasoline price includes refining, transport, distribution, tax etc. The probability is high, that oil gets cheap, but gasoline gets too expensive for your income. See Lebanon or India.
The raw feedstock of gasoline will be worthless but the finished product will become too expensive for my income thanks to refining, transport, distribution, tax, etc...? With all due respect, unlikely.
Try to by something when your currency is worthless.....see Lebanon
The Dollar is worth JUST AS MUCH as it was 30_ years ago, re the DXY, vs. your empty, fact free, pathetic blabbering.
https://www.tradingview.com/symbols/TVC-DXY/(Click on the "All" link to get the 30+ year perspective, vs. short term cherry picking and whining.)
And just as shorty (who I think might be you in anther BS incarnation) was wrong re people not being able to afford gasoline, and thus it falling to roughly $2 by 12/2021 re the failed ETP theory, you persist in pursuing absolute nonsense, re absence of credible facts. Like WTI hanging around $60 (ie THIRTY TIMES the claimed value re ETP), while folks wait and see what economic growth and job growth looks like (forecast to be strong) vs. real world demand for oil (which the middle classs can CLEARLY afford, despite all the whining from your ilk). And this in the face of a serious GLOBAL PENDEMIC, as well. Imagine that.
You know, continuing to bray absolutely fact free STUPIDITY, in the face of the fact that the internet exists and facts can be checked, isn't helping your credibility for people who can read and care just a bit about facts.
But keep braying. Maybe someday, you'll get lucky and manage to be right for a year or three, doubtful as that appears in the face of economic reality.
A high GDP growth rate in 2021 and 2022 in the US and Western Europe appears likely, re the news. Not exactly the backdrop for oil being unafforable at $2 a barrel, now is it?
So what now? More name calling, at a level to challenge the typical 5 year old?
Well, while you're trying that, in the real world, both the S&P 500 and the Dow are hitting new highs again. And even the NASDAQ composite is nearing new highs.
And those interest rates you were recently claiming implied insta-doom? Well, the Dollar was up today, and the 10 year note rate (the source of so much of your doom claiming recently) was only up a little, well off recent highs. When real world, US inflation becomes a significant problem, much less a serious one, be sure and get back to us with all your "infinite wisdom" on the topic (re bad calls).
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.