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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%Jan 9 4:00 PM EST
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To: foundation who wrote (9164)9/10/2006 12:25:59 PM
From: Rolla Coasta  Read Replies (1) of 219219
 
"We are entering an unprecedented event in world economic history," he said. Oil production is straining to meet demand at a time when China and India are developing huge consumer classes relatively overnight, and hundreds of millions more people will have vastly increased demands for energy.

In the future, he said, "perhaps the biggest geopolitical conflicts will involve the U.S. against the rest of the developing world, including China and India, over oil."

Groppe sees oil hovering in a range of no less than $55 to $65 a barrel for the next 10 years and likely much more because unforeseeable political unrest and weather will drive prices up.

I see the same thing, although I do want the oil price to go down. One of the hot place for oil between China & US would actually be in Alberta Canada.
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