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45 sats \ 5 replies \ @jp305 11 Jul \ parent \ on: US: CPI Data Shows More Disinflation econ
Tom, what's your long term view on oil?
It feels like when oil prices cooperate, inflation is "officially" under control.
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58 sats \ 0 replies \ @wingalt 12 Jul
Going to zero priced in bitcoin like everything else
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34 sats \ 3 replies \ @TomK OP 11 Jul
as far as the oil price is concerned, I think we have seen a lot of manipulation by the US strategic reserve. I think that will soon come to an end and then oil may rise significantly in price to 100 or more dollars a barrel by the end of the year
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58 sats \ 2 replies \ @jp305 11 Jul
https://menafn.com/1108431955/US-Department-of-Energy-begins-buying-oil-as-strategic-reserve-despite-high-prices
They are buying back some at higher unexpected price. I'm expecting significant price increase too.
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34 sats \ 0 replies \ @TomK OP 11 Jul
after all, the USA is still energy-independent. now imagine what would happen to a currency like the euro that is not backed by energy.
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21 sats \ 0 replies \ @Bell_curve 12 Jul
Buy back better
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