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Varchild2008 (84.27)

Oil Panic Alert: Stop Bernanke Day 1

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November 04, 2010 – Comments (2) | RELATED TICKERS: OIL

Oil Panic Alert:  Stop Bernanke Day 1

Should  Oil prices spike above $90.00 a barrel and it looks like they will next year.......

Then that is time for Panic.....AIIEEEEEEE!!!!

What we don't want is to revisit the $4.00 - $5.00 per gallon of Gas again.

Warning Signs for OIL:

QE2 effects on Oil Prices will be watched like a HAWK by analysts.....    Look for Beverage Companies to start raising prices just because of OIL Prices...   Dr. Pepper Snapple Group has already mentioned about the surprise increase in expenses as primarily because of OIL prices.....

Food....Pharmacy....everyone will spike prices up in correlation to an out of control OIL market energized by an out of control QE2.

Cause remember.... QE2 is NOT $600 Billion.   The actual price of QE2  is INFINITE....   Or if you prefer.

A price "Yet to be Determined by Ben Bernanke."

That's why the market did what it did today... There's no clarity on when QE2 actually stops....and how much money exactly will be dumped into the markets....  All we know is that the SPIGOT has been turned on.

And a Divided Congress may NEVER agree to increase Oil Drilling... Anwar,  Shallow Water...etc.

2 Comments – Post Your Own

#1) On November 04, 2010 at 6:22 PM, Varchild2008 (84.27) wrote:

Anyone wondering why I am NOT celebrating over the Election?

CAUSE THERE IS NOTHING TO CELEBRATE OVER YET...IT IS JUST AN ELECTION!!!! 

Yippe....  Red Team defeated  the Blue Team!!!  Hurray!!!!

There .. I celebrated.....  Now let's get to work.

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#2) On November 05, 2010 at 12:50 AM, DarthMaul09 (30.34) wrote:

I believe that you are very right about the trigger for the next major down-turn in the economy.  The Fed's live for today policy will support the market and commodity rally in the short-term, but as energy prices begin to have an uncontrollable rise the regressive tax that this will place on the US consumer will have us relive the darkest days of 2008 and 2009.  Unfortunately when this happens we as a country will be less able to compensate for this economic down turn since the US dollar will be much weaker and its perceived safety will be called into question by the former investors in the US debt.  With only the Fed buying US treasuries, the US bond market will deflate as real (non-Fed) investors move their money out of the bond market and possibly out of the country.  The wisdom of Ron Paul's hope to end the Fed may eventually become accepted, but by then it may be too late to correct the damage that is being done today.

Too bad your blog didn't receive more attention, I think that it has a lot of potential ideas for further discussion like how does one prepare for the next phase in the double dip recession that most pundits have written off as unlikely because of the nominal rise in the markets? 

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