Oil at 20/bbl, well wouldn't that stimulate chinese motorcar developments ... which is what would happen, oil would get burnt up faster, energy alternatives would die out, consumption rise all over ... i can't see it Swampy, although on a quick spike down who knows, but not for any length of time, as it's a finite resource with finite supply now, this is not the eighties where the saudis have all kinds of spare capacity and the North Sea coming on and Pemex cranking in high gear, much of that oil has been burnt already and the remainder is going fast ... US demand is not down much at all, last figures i saw posted
Oil is going to 220 and beyond imho, it's just a matter of time, years sure but not so many years ... of course a hamburger will cost fifteen at some point, it's just that a significant portion of its cost will go to fuel the trucks that hauled the ingredients
Interesting concept in re 'sacred Fed gold' worth big bucks versus 'pagan gold' worth not near as much, and of course the metal available to thee and me being quite heathen - Message 25602454 |
