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Oil is well !!! almost..

Posted by EJ on March 7, 2011 at 12:37 AM

The current spurt in oil prices is nothing to do with its supply concerns ( it was propagated !!) but to do with the massive consumption by emerging economies and recovery seen in the US and europe. This time the peak cud be much higher and damage, even bigger. However it will take some time...say few quaters. The damage will be multiple times as it will derail the consumption recovery in emerging markets. The higher inflation is already a prob for the business, with all input cost going up, we cud see serious backlash if oil crosses 140 level. US economic numbers are highly positive. Brace for a downward pressure in asset prices.

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