Mother Nature Becomes Mother Hubbard (?Hubbert?)
It all began in July of 2003. This event is unprecedented in scope and size and was brought about by two factors:
1) The demographic explosion.
2) The worldwide availability of modern technology.
Of course, I speak of the commodity market of the next 20-40 years. The event that has triggered the official beginning of this phenomenon occurred in the summer of 2004, when the price of crude oil penetrated a forty-year old top and broke above $ 45, and has been undeterred since that time.
( Full story here )
1) The demographic explosion.
2) The worldwide availability of modern technology.
Of course, I speak of the commodity market of the next 20-40 years. The event that has triggered the official beginning of this phenomenon occurred in the summer of 2004, when the price of crude oil penetrated a forty-year old top and broke above $ 45, and has been undeterred since that time.
( Full story here )
posted by Oil Shock at 3/07/2006 11:09:00 PM
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