On 27/02/2011 2:02 PM, Tim wrote:
$3.38 in my local but from $3.05 a week ago.

I wonder if this summer if the "talk" will produce between 4 and 5 per
gallon. Sux for a river cruise, but We're still planning on going
anyhow.

I know this is hard to comprehend, but oil didn't go up. The USD lost
value. It lost value against oil, coal, gold, silver, copper, wheat,
barley, coffee, sugar, cocoa, bananas you name it, the USD is worth less
this week than last week.

A barrel of oil is still a barrel of oil, a ounce of gold is still an
ounce of gold and 20 lbs of flour is still 20 lbs of flour. They have
not changed at all. But the value of the USD has depreciated (inflation).

Why? Simple, the US Fed now creates more debt-inflationary dollars than
Americans consume in sheets of toilet paper.

Worse yet, US Fed is buying US Federal bond debt as no one else in the
world, including American investors, will buy US government debt. Hey,
you would have to be a FOOL to buy a T-Bill at below inflation then pays
taxes.

And you expect a strong dollar?

--
Socialism is a great ideal as long as someone else pays for it. And when
no one is left to pay for it, they all can share nothing.