yes, I expect it to get mighty ugly, and complex contracts for far in the future assuming normal economic scenarios are NOT likely to be fulfilled. China, who "renegotiated" everyone's personal real estate and business property for 40 years, oughta understand that. What humors me is the non law abiding places they're setting these contracts up with. $100 oil will set VZ against all the contracts they're begging for now, at $300 oil, nothing will be safe.
Going out on a limb here, but at $300 oil, the oilsands are probably not gonna be safe in Canada's possession anymore. Mind you, I'm NOT advocating such behaviour, just commenting on the madness of crowds and broke governments.
I still remember some retired US army officer arguing that SA's oil wealth belongs to "the world" since it so great, and that the US military should "hold it in trust".
Expect lots more of this kinda thinking, and actions, as time goes on in a malthusian world. Come to think of it, Potash is probably even more at risk. |
