Rebels:

Certainly, a monumental inflation appears to be in the cards at the moment. However, a valid questioning of this prognosis is reasonable.

In the process of reflation, do we reach a point where the curtailed oil production at present causes a severe shortage of oil in the coming year or two with the result of a rapidly escalating exponential increase in the price of oil? Does the result of that, cause a reaction of the development of deflationary forces which stifles the world economy?

One has only to remeber less than a year in order to recall when the run up in oil to $147.00 caused the crash of economies on a world wide scale. What would cause us to think such is not possible again? Certainly, it cannot be the strength of our fractured world economy!

Brian