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Gold/Mining/Energy : Peak Oil, or Oil Bubble?
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To: saveslivesbyday who wrote (163)7/6/2008 9:58:59 PM
From: patron_anejo_por_favor   of 229
 
Currently supply and demand are balanced at current prices; storage levels are therefore near normal for this time of year.

Supply is inelastic (as a doubling in price did not result in significantly increased supply levels), but if demand drops given the inelasticity, so will price.

Currently prices are down for oil, gas, Spoos and gold in the Asian markets....will it continue?
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