LIVING OFF DIVIDENDS & PASSIVE INCOME

Christian at InvestorGeeks.com thinks that Oil will stay in the $50-$60 range for a while and that the Dollar won’t continue it slide.

Opec just reported that its cutting production by 1.2 million barrels a day. This will definitely push the price of oil upwards.

No one knows where the price of oil or gas will go, but global demand will eventually push it upwards. The Energy Department isn’t promoting any alternative energy research so I don’t know where he think the alternative energy to substitute oil will come from.

I’m betting on oil prices going up and I don’t think pushing the price to $75/bbl will push our economy into recession. They might blame the coming recession on oil, but I doubt thats the main reason.

Damn, I was supposed to buy some PTR but I don’t think I’ll be able to get in under $110 anymore! I also tried selling puts on a silver mine but I guess I was asking for too much premium [considering that silver crossed $12/oz today]

If you found this post helpful, consider donating to my coffee fund!

Related Posts

• The Deflation Scam The media has been going on and on about deflation. Long-term bond prices have also been trending up and long term yields have been dropping, which means that the market thinks there will be long-term deflation. Even the Consumer Price Index numbers that came out claim that inflation is under......
• Gold Play: Great Time To Invest As I've mentioned before I think the US is going to enter a period of inflation and recession brought on by the trade & budget deficit and precipitated by the devaluing dollar. Both Oil and Gold have been in a slow and quiet bull market for the past few years.......
• 10 Reasons Why Gold Should Break $1000 This Year Today's guest post comes from Bruce, CEO of Superior Gold and includes a free silver coin! For many years I was a successful real estate investor. However, I realized that the market was getting very speculative and decided to get out while the going was good. In 2003, I sold......

Related Websites

• The World's Most Expensive Cities 2010 [/caption] For Americans overseas, exchange rates and cost-of-living adjustments can make living overseas more expensive than back home. If you think $43 is too much to pay for lunch, you shouldn't live in Oslo. According to "ECA International", a global human resources company, that's how much an average lunch costs......
• Where to List Stamp Collections for Sale Online [/caption]If you are a stamp collector who has a built up collection ready to sell, or an investor who buys and sells for profit and are looking for a place to list your stamp collection for sale online, then check out the below process for finding a well fit place.......
• Gas up your car with your HELOC This article on MSN.com -- Oil Spike Won't Cause Oil Shocks of Past -- didn't exactly send a cold chill down my spine, but I'd still worry about it. High oil prices are a tax on our economy. There's only so much oil. If more people want more of it,......

[All content is copyright of Living Off Dividends & Passive Income]

Random Posts

• August 2, 2007 -- There’s Still No Inflation But Milk Is $4/Gallon
• June 8, 2007 -- How To Spend A Million Dollars On Gas
• February 19, 2007 -- GDX Called Away
• October 2, 2005 -- Real Estate Forecast in California
• March 29, 2007 -- Why Use Seller Financing?
• February 27, 2007 -- Strip-Club Stocks Go To Wall Street
• November 25, 2005 -- Nasty time with the tenants

You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.