Petrol price backflip???

[baboon]

Originally Posted by gtfpv

it's a temp thing . controlled by monetary policy , to lull people into a false sense of power , the reason fuel came down 60c litre . since then interest rates have been dropping . petrol will go back up. inflation will rise agian , in the hope that peple will borrow more . wait and see . inflation will shortly sky rocket .

If america keep printing money then this is where the inflation starts. Its an inflation of the money supply which will lead to higher prices eventually... A gallon of oil will always be a gallon of oil. More printing of paper money will mean more inflation!

I am buying into Australian oil companies now. These stocks have been battered down and are cheap in my opinion. When oil goes back up these stocks will too. Money I make from these stocks will go towards my fuel payments.

If you cant beat them join them I say...