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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%Nov 14 4:00 PM EST
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To: energyplay who wrote (58619)12/3/2009 2:56:46 PM
From: benwood  Read Replies (1) of 217802
 
Good points. Oil is a consumable, as you point out; however, the demand is still rising while extraction is becoming constrained. So potentially, it will rise faster than even gold.

However, the near term outlook is that as it rises too quickly, it helps create a bust and so that mitigates the value.

And ultimately it will be worth less because critical mass with alternatives will be reached. Yet oil will continue hopefully for plastics, fertilizer, and pharmaceuticals, among other things. An early transition is better for the world, just not the oil elites.

But slow devaluation... yes, that seems to be in the cards. The trouble is, the best laid plans to screw over *others* has a nasty way, historically, of going rogue.
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