OIL price upward pressure

There is a continued pressure UP on oil.

Jim Rogers, co-founder of George Soros’ Quantum Fund tells the BBC ‘the world is running out of reserves of oil’

There are certainly supply pressures, the rapid upward price pressure is coming more from the vast SUPPLY of US money that has been hitting the market in the past few months.

When there is twice as much money printed out there to use to buy things then the price of the things must double, just to keep pace. The pains of Quantitative Easing are only now starting to come home to roost.

This is true across all spectrum of goods. Food will be a huge one next.

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