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Oil and Gas Prices Peaking?

Larry Edelson (June 26th, 2008) Writes:
No surprise from the Fed yesterday. Their feeble statements about inflation just prove what I've said all along: When considering deflation or inflation, the Federal Reserve will always opt for the lesser of the two evils, inflation! Nevertheless, many of the so-called experts on Wall Street seem to think that oil and gas prices can't go any higher ... that China's raising its domestic energy prices will kill demand ... that the bull market in natural resources and the jumps in inflation are over. I believe they are wrong. Dead wrong. Why? All of my experience ... all of my indicators ... all of my proprietary cyclical and technical models tell me oil and gas prices are headed much higher ... natural resources are going to double ... triple and even quadruple ...

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