Comments on: Revival of the Petrodollar Recycling Machine http://gregor.us/uncategorized/revival-of-the-petrodollar-recycling-machine/ Energy and Economics Fri, 12 Mar 2010 16:52:33 -0500 http://wordpress.org/?v=2.9.2 hourly 1 By: orth http://gregor.us/uncategorized/revival-of-the-petrodollar-recycling-machine/comment-page-1/#comment-3857 orth Thu, 29 Oct 2009 02:43:55 +0000 http://gregor.us/?p=2317#comment-3857 I enjoy your work.<br>The feds are probably elated someone is buying their short end yields,but the debt fatale, the unemployment rise, and the GDP drop spell a contago of waltz/jitterbug,ying/yang,time/space warp that will will not result in a harmonius ending. Infation first, then deflation later. I enjoy your work.
The feds are probably elated someone is buying their short end yields,but the debt fatale, the unemployment rise, and the GDP drop spell a contago of waltz/jitterbug,ying/yang,time/space warp that will will not result in a harmonius ending. Infation first, then deflation later.

]]> By: gregor.us http://gregor.us/uncategorized/revival-of-the-petrodollar-recycling-machine/comment-page-1/#comment-3855 gregor.us Wed, 28 Oct 2009 19:37:24 +0000 http://gregor.us/?p=2317#comment-3855 Well, if peak oil in either nominal or real terms were not already in play, then I would have expected oil to have hit 10 dollars a barrel last Winter, and to be trading around 20+ presently. The problem is that you and I took economics courses in the 20th Century when a rather long duration paradigm was in play wrt to oil and oil prices. So those tenets no longer apply.<br><br>G Well, if peak oil in either nominal or real terms were not already in play, then I would have expected oil to have hit 10 dollars a barrel last Winter, and to be trading around 20+ presently. The problem is that you and I took economics courses in the 20th Century when a rather long duration paradigm was in play wrt to oil and oil prices. So those tenets no longer apply.

G

]]> By: Steve http://gregor.us/uncategorized/revival-of-the-petrodollar-recycling-machine/comment-page-1/#comment-3845 Steve Wed, 28 Oct 2009 13:53:31 +0000 http://gregor.us/?p=2317#comment-3845 I will never forget what I learned in my first economics class in college: price is a demand indicator. $80 oil is the wrong signal to producers given the economic backdrop, and I think we're going to find ourselves with $30-40 oil again in the very near future. What I'm very curious about though is what OPEC's response will be if/when this happens, because I'm not sure what else they do. Clunkers 4 Cash? I will never forget what I learned in my first economics class in college: price is a demand indicator. $80 oil is the wrong signal to producers given the economic backdrop, and I think we're going to find ourselves with $30-40 oil again in the very near future. What I'm very curious about though is what OPEC's response will be if/when this happens, because I'm not sure what else they do. Clunkers 4 Cash?

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