[AT] OT Gas prices new all time high :-(

[David Bruce]

Exactly.  Not sure I completely by Forbes numbers but I do buy the concept.

Even using the published numbers from the government there is no supply 
shortage - inflation hedge and speculation are a big part of the pricing.

David
NW NC

On 3/9/2011 9:57 AM, charlie hill wrote:
> Steve Forbes was quoted as saying the price of crude should be in the high
> 40's per barrel now.   The price is shooting up simply for the same reason
> you have some of your retirement in oil.... a hedge against the dollar.  By
> the way in the 70's and 80's when we were in line to get gasoline there was
> no shortage.  It was the same scenario, tanks were full and tankers had no
> place to unload.  People were running away from currency and putting their
> assets in commodities.
>
> Charlie