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Oil Is the New Gold Standard

June 17, 2008 · Filed Under Oil and Energy · Comments 
“The Fed can no longer cheat with the money supply and get away with it. There is a new gold standard and it’s called ‘oil.’” — Byron King, Whiskey and Gunpowder by Byron King Baltimore – (TFN): Oil has become the “anti-dollar” of modern times. Oil is now serving as the [...]

Oil Prices: It’s not a bubble!

May 28, 2008 · Filed Under Oil and Energy · Comments 
“Yes, oil is overbought. Yes, oil is going to correct at some stage. But let’s get this clear - it’s not a bubble.” — Dominic Frisby Blogger’s note: Dominic Frisby had some great commentary on our current record oil prices in a recent Money Morning (UK) message to his subscribers. Dominic is from our London affiliate [...]