Quote:
Originally Posted by DieselAddict
Regarding your answer to point #1: Using the same logic, if there is less oil than projected, your 401K will take a big hit.
doesn't it make sense to conserve petroleum to help keep prices down
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Now if he is right, his and our 401Ks will take a hit. But such is life. My 401K doesn't win every quarter but as long as it wins more than it loses, I'm happy.
But will it? I haven't seen a shred of evidence that proves that. However, the fact that China and India are gobbling up every drop of fuel certainly proves the reverse. You are thinking of a small town shop where if I don't buy from you, your store hurts. This is a case of a seller's market. Even if you didn't buy a drop of oil, as long as the Asian countries buy it, life is still good.