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Politics : Moderate Forum
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To: Raymond Duray who wrote (14546)12/9/2004 11:12:05 AM
From: cosmicforce  Read Replies (2) of 20773
 
<1% deviation of the supply of crude oil from the demand for same in the global market results in about an $8/bbl >

Yeah, I wasn't even looking at the speculative impulses. It quadrupled in 1973/4 for a while but settled at more than twice the pre-1973 price as a baseline. For an investor, having some gold/oil exposure is probably well advised. Similarly, the second tier commodities probably will go up commensurate with their energy content - more on the short term. Food is most notable in the U.S. as being historically stable.
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