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Hello, $3 Gasoline! Hello, Deflation and Economic Slowdown!

With U.S. crude supply near an EIA record, oil and retail gas prices drop

SAN FRANCISCO (MarketWatch) — Crude-oil stockpiles in the U.S. are heading toward a record, pushing off a return to $100-a-barrel oil, and giving drivers a shot at $3-a-gallon gasoline.

“With the overhang of crude supplies building over six weeks, we are unlikely to see $100 oil again very soon,” said Kevin Kerr, president of Kerr Trading International. “This is good news for refiners and ultimately consumers” as it should depress gasoline prices at the pump.

U.S. weekly crude supplies have jumped nearly 8% since mid-September, according to figures from the Energy Information Administration.

At 383.9 million barrels as of the week ended Oct. 25, they’re less than 14 million barrels below the highest level recorded by the EIA. Supplies were at 397.6 million barrels for the week ended May 24, the EIA’s highest weekly level since the agency began collecting data the data in 1978.

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The Fed is fighting deflation and failing

The Fed is fighting deflation and failing. There will be more and more QE ahead. Any talk of tapering is just that...talk.

Author of Buy Gold and Silver Safely
Next book: Illusions of Wealth - due out soon
Also writing book We the Serfs!

lower demand brings lower

lower demand brings lower prices. nobody is driving to work today because so many people are out of jobs, unlike in the 2000s.

Inflationary

Deflation?

Maybe it will give you that $1200 gold

Still no major MSM coverage

Still no major MSM coverage of the Australian oil find that seems poised to upset the entire Saudi based paradigm we have been fed all our lives.

Since the first rip off test with the fake oil crisis of the 70's it has been off to the races on the corrupted energy market ever since.

The simple logic then; (oil industry) moving too much product for too little profit, (auto industry) putting too much steel and other resources into big cars and selling them too cheap. Answer: fake oil crisis to push up price of oil and make cheap smaller cars sell at a premium due to a newly created focus of consumers on fuel economy.

From the break up of the great Trusts and the monopoly of Rockefeller's Standard Oil to today, we seem to be right back where we started with monopolies everywhere and the free market all but dead.

Every major industry today has a monopoly behind it and Karen Hudes' "Super Entity" controlling a large percentage of all corporate enterprise is certainly not hard to envision as a logical progression.

We will need to address this issue that is now buried ironically behind the monopoly of a new great de facto media Trust...

Quick REFs;
Australian oil find:
http://www.mintpressnews.com/katie-report-australia-oil-shal...
Super Entity:
https://www.google.com/search?q=super+entity

“Any man who thinks he can be happy and prosperous by letting the government take care of him better take a closer look at the American Indian.” ― Henry Ford.

Hello, $3 Gasoline! Hello,

Hello, $3 Gasoline! Hello, Deflation and Economic Slowdown!

First off I like lower prices so I like deflation.

If people have more disposable income to spend wouldn't this increase economic activity?

Inflation and deflation are dependent on the amount of currency in circulation and because something like oil or houses drop in price does not equal overall deflation.

Simple example...

3 people in a lifeboat, one pulls out a apple and asks if anyone wants to buy it. I find a dollar so I offer to buy the apple but right before the transaction is complete the other person finds ten dollars in his pocket and offers to buy the apple. Money supply increased so the same apple that was going to sell at 1 dollar is now going to sell for ten dollars. This is inflation. Now right before the ten dollars is handed to the person with the apple a gust of wind blows the ten dollar bill out of his hand out to sea. Money supply has now decreased and the apple is back to selling for a dollar. This is deflation.

Correct! "Deflation" wrong

Correct! "Deflation" wrong word to describe this price drop.

“Any man who thinks he can be happy and prosperous by letting the government take care of him better take a closer look at the American Indian.” ― Henry Ford.

all depends

all depends on your definition.

Author of Buy Gold and Silver Safely
Next book: Illusions of Wealth - due out soon
Also writing book We the Serfs!

Don't reserves go up

and prices go down every year at this time of year?

gasland...

is about as factual as global warming

I suggest you watch some views from both sides of the argument and come up with a viewpoint somewhere in the middle... Look into Fracknation, spOILed, and Switch...

https://www.youtube.com/watch?v=1WioK-rInxg

proverbs 20:15
There is gold, and an abundance of jewels;
But the lips of knowledge are a more precious thing.