Connacher Oil & Gas Ltd CLLZF

RE: RE: RE: RE: Oil reality check: It's going high

[eliner63]

Oil shouldn't go above 90-95 in today's dollars.  Problem is, the USD has been steadily losing value (if you can call it that), inflation is underway, we will soon see it's effects by spikes in commodities.  Since we last saw 35 dollar oil, the amount of paper currency has increased substantially.  The question is, if the USD collapses, what will happen to oil? 

Asia really needs to wean itself off the USA, probably not likely as they are too productive for their own good.  Also I don't think that $80 plus oil would kill the US economy, but rather the taxes in disguise that Obama will place on the oil industry.  That way, profits would be given to the government to waste rather than reinvested.   And if you interpret the news, it isn't wall street that is propagating the Washington lie about the state of the economy, like before they are getting intoxicated on the cheap money the fed is making available, and the king-pins responsible for the last debacle are now Obama's key economic advisors.